Dear sir/madam ...
My question is...
We run the cotton business and our turnover in previous fy 19-20 is five crore, so if we do business with one party More than 50 lakhs in this fy after September month, in this case should we have collect tcs from our party?
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TCS ON SALE OF GOODS
Replies (3)
No turnover in 19.20 should be more than
10crores n above.
10crores n above.
Thank you
Yes you should collect TCS .5 cgst and point .5% sgst
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