16 December 2020
Dear Sir/Madam, Kindly clarify the following points towards TCS on sale of Good. 01.When my vendor turnover exceeds 10 cr in previous but my transaction did not crossed the limit of 50 lac during the this FY.Can the vendor charge me TCS in his sale invoice. 02. When my vendor turnover exceeds 10 cr in previous and my transaction crossed 80 lac during the period of Apr 20 to Sep 20. Should the vendor need to charge TCS on the differential value of 30 lac. 03.Can my vendor charge TCS both on the invoice as well as on the payment which we have made after Sep 20.
04.Please share the link to know about the TCS return filing process.
16 December 2020
1 TCS not applicable in such a case. 2 TCS not required for difference in value. 3 TCS applicable on payment made after September 2020.
CAclubindia
