TCS under section 206(1H)

TCS will be collected when buyer makes the payment for consideration of sale of item as mentioned u/s 206

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Originally posted by : Vikas Vaishley
	TCS will be collected when buyer makes the payment for consideration of sale of item as mentioned u/s 206

Sorry if i haven't made the question clear,

 

I didn't ask "WHEN" will TCS be collected.

I asked "HOW" will it be collected ?

What is the documentation ? Whether it will be demanded in the Invoice as a line item or shown seperately or whether it will not be demanded through invoice but by some other method ?

It will be seperately demanded in the invoice or any other document you have issued for sales after charging of gst

Originally posted by : Vikas Vaishley
	It will be seperately demanded in the invoice or any other document you have issued for sales after charging of gst

Any source of your information ? Any reference/evidence backing your answer.

This has not been written any where in the law
but this is the general trade parlance
and for the point after charging gst TCS will be calculated , this has separate judgement
but according to me TCS will be collected after charging gst
as TCS is calculated on the amount of consideration recoverable from buyer
hope so now it will be clear

Please read

Section 206C(1H) New Provisions of TCS on Sale of Goods https://www.caclubindia.com/articles/section-206c-1h-new-provisions-of-tcs-on-sale-of-goods-41555.asp