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Tcs sub section 1d

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(Querist)
22 June 2016 Ours is a vehicle dealership. We want to know about sub sec 1D. If the invoice value (ex showroom price) is above Rs. 2 Lacs and we have recd cash Rs. 11000 against such invoice then whether we have to deduct tcs or not?
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Rupesh Jain

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Rupesh Jain (Expert)
23 June 2016 yes you have to collect the tcs on invoices exceeds rs. 200000/-

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