Menu
TCS should be added on bill or debit note
Which method is better to debit the Party for TCS. Adding it to bill or issuing Debit note on amount received during the month ? and why?
Replies (2)
Quick Summary
As per IT circular tcs shall be collected at the time of receipt of consideration.hence debit note
is sufficient.
is sufficient.
THANKS FOR RESOLVING THE ISSUE
Recent Topics :
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
Related Topics :
CAclubindia
