TCS ON SALE OF GOODS

CAN ANYONE HELP ME DEFINE GOODS, AS ONE OF MY CLIENT DEALS IN SELLING OF MACHINE AND EXCAVATORS, WILL THAT BE INCLUDED IN THE DEFINITION. AS CURRENTLY THERE IS NO TCS ON SALE OF MACHINE AND EXCAVATORS. SO WILL IT AFFECT THAT SECTOR AS WELL

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Quick Summary
This discussion clarifies the definition of 'goods' for Tax Collected at Source (TCS) purposes, particularly concerning the sale of machinery and excavators. It addresses whether these items fall under the new TCS rules effective from 1st October 2020, which apply to all goods exceeding Rs 50 Lakhs sold within India. The query also seeks official notifications regarding this change.

W.e.f 1st October 2020, it will be applicable on sale of goods (All type) exceeding Rs. 50 Lakh within India.

do you have notification for this??

Is it registered with RTO authorities under MV Act?

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