21 March 2020
Dear Expert , As wef 1-4-20 TCS is applicable on sales of goods above 50Lakh by the seller. There is another condition is that, no TCS would be under sec 206H (1H) if a Buyer is liable to deduct TDS under any other provisions.
(I) want to know what is meaning of " if buyer is liable to deduct TDS. (II) Is GSt amount would be added for calculating TCs or only basic amount.
CAclubindia
