If both section tcs and tds u/s 206h and 194q are applicable, can we still charge tcs on sale as a seller, instead of asking the buyer to deduct tds on the same ?
As per the recent Circular No. 13 of 2021 dated 30 Jun 2021, it is clarified in para 4.9.5 (v) that , if for any reason TCS has been collected on the invoice by the seller, then TDS need not be deducted again by the buyer for the same transaction.
Considering the operational convenience, as a seller whose turnover exceeds 10cr, can we continue to charge additionally TCS at 0.10% in all our sales invoices.
Buyer can take credit of the TCS charged as usual.
please clarify
CAclubindia
