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TCS u/S 206(1H)


Deepak Rajbhoj   30 September 2020

Deepak Rajbhoj

 1 likes  15 points

| My Other Post

Dear all,
I have one query regarding the upcoming tcs provision. Till now in all TCS cases, seller was collecting the tcs at the time of billing itself by including TCS amount in Tax invoice. But in this new provision TCS is applicable on receipt basis. It means whenever we receive amount , we have to collect TCS. So my question here is Unless we have added TCS value in Tax invoice, How are we going to recover TCS from buyer. This problem will mainly arise when we receive payments for sales executed before 1.10.20. Please through some light on this practical issue. Thanks..

Deepak Rajbhoj
7666760399

1 Like
avater

naresh patel   30 September 2020

naresh patel

 2 points

View Profile | My Other Post

By issuing debit notes

avater

Pradeep kumar (Professional)     30 September 2020

Pradeep kumar
Professional 
 1 likes  80 points

View Profile | My Other Post

Dear All,
I have one doubt this tcs will applicable on Job work case.


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