TCS on sale of Goods u/s 206c 1(h)

This query is : Open

G. Parameshwar Rao (Querist)
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14 April 2021 Dear Experts,

Is TCS on sale of Good u/s 206c 1(h) has been abolished from 1st April-2021.

Please let me know.

Thanks & Regards,
Paramesh

Gokul Sharma

Gokul Sharma (Expert)
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14 April 2021 NO.........NOT ABOLISHED

CMA Poornima Madhava

CMA Poornima Madhava (Expert)
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14 April 2021 Provisions of TCS u/s 206C(1H) are applicable even now. However, w.e.f. 1st July 2021, wherever provisions of TDS u/s 194Q are applicable, TCS u/s 206C(1H) on such transactions would be not applicable.

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