How should TCS be charges to buyer? Should the TCS amount be added to the invoice itself or should a debit note be issued on receipt?
Is it compulsory to issue debit note on the date of receipt or can it be generated at the time of invoice also?
Akshy (student) (67 Points)
08 October 2020How should TCS be charges to buyer? Should the TCS amount be added to the invoice itself or should a debit note be issued on receipt?
Is it compulsory to issue debit note on the date of receipt or can it be generated at the time of invoice also?
Ajay Kumar Maggidi
(Manager - Finance & Accounts)
(2068 Points)
Replied 08 October 2020
Rate and Amount of TCS shall be included in Invoice that to be issued to buyer.
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