Which section applicable first (TDS on purchase of goods under Section 194Q or 206C(1H)
who responsible first to charge this section. Does a seller charges TCS in invoice first or a purchaser will Tds first during payment.
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TDS and TCS on Goods
Replies (2)
Seller should collect TCS u/s 206C(1H) when buyer purchase goods above 50 lakhs rupees
194Q is applicable first because once u sell goods then u have to ask from buyer about the declaration ...if buyer is liable to deduct tds u/s 194Q then seller will not collect tcs 206C(1H)....
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