Dear Expert,
Our firm had crossed the turnover of Rs 10.00 during the previous year and current FY.
This year, our receipts from some of our customers individually, crossed Rs 50.00 Lakhs during this current FY 2021-22 recently.
So, if I am not wrong, our firm needs to collect the TCS @ 0.1%.
My query as follows:
If so collected, how we need to file in GST Returns GSTR -8...
please explain the procedures.
Thank you in advance for spending your valuable time for resolving this query.
The TCS you need to collect is of Income Tax Act and it has nothing to do with GST
CAclubindia
