TCS ON PURCHASES

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Accounts Trainee
61 Points Joined August 2019
I want to know under head of TCS on purchase ? I see TCS on purchase in duty and taxes or current assets.
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On 15 March 2021 at 14:59 Report
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CMA
13117 Points Joined May 2009
It would depend on whether TCS is a credit/debit for you. If TCS is a payable, to be grouped under Duties & Taxes and if receivable, under Current Assets
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On 15 March 2021 at 15:31
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2 Points Joined August 2023

when tcs on purchase will be receivable?

Please give some example

Thanks

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On 07 August 2023 at 15:43


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