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Tcs on sale of goods urgent
should i collect tcs of 0.1% on taxable value or invoice value after charging gst.
Replies (3)
Quick Summary
as per the TCS provisions it should be Charged in Invoice Value (taxable Value+GST).
TCS is on receipt basis. It should be charged on the amount received Exceeding 50 lakhs per annum.
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If turnover not exceed 10 crore but the sale of goods is above 50 lakh tcs applicable or not
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