TCS Return Filing Query

Hello All Respected Experts, Good Evening,
We have received payment on Dec Month (TCS also Collected) and Billed to Customer in Jan 2021.

We have deposit TCS challan on Basis of TCS Collection instead of Bill Issuance and Using RPU software for preparation of TCS return.

Please suggest can we show Payment received from Customer in December and Bill date of Jan, in TCS return of quarter ended Dec2020.
Replies (2)
Quick Summary
This discussion addresses a query regarding TCS return filing. The user received payment and collected TCS in December but billed the customer in January. They deposited the TCS based on collection rather than billing. The core question is whether to report this in the TCS return for the quarter ending December 2020, considering that TCS is payable to the government upon collection.

As per Income Tax Act TCS is to be paid to government after it is collected from customer. Hence reporting in TCS return will be on same basis
Hello

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