While considering turnover to calculate TCS, whether 50 lakh receipt is considering all TCS categories or for Sale of any goods alone ?
With Regards,
Subramanya
1 Replies
ayusmita
(Tax consultant)
(5885 Points)
Replied 11 December 2020
If trunover of seller is more than 10cr in preceding financial year then TCS is collected on the value or aggregate value of goods is more than 50 lakh in financial years means total sales value minus 50 lakh
rate is .075%
rate is .075%
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