TCS under Sec 206(1H)

This query is : Resolved

P.Harish (Querist)
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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.

Kindly reply

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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22 March 2020 i) ie., if the buyer is liable to deduct tax under any other provisions of the Income tax Act,1961 and tax has been deducted thereon.

ii) issue is debatable for want of clarification from CBDT.