Tcs applacablity

TRINATH (Accounts) (919 Points)

17 August 2016  
WE ARE MANUFACTURERS OF DE OILED RICE BRAN FROM SOLVENT EXTRACTION PROCESS WE ARE SELLING OUR DOB TO LOCAL FARMERS TO CASH MY DOUBTS ARE AS FOLLOWS: 1) CASH SALE TO MR X 1,50,000/- NO TCS APPLICABLE BUT OUR TOTAL TRANSACTIONS TO MR X IS 25,00,000/- IN THIS MONTH ALL INVOICES ARE BELOW 2,00,000 TOTAL AMOUNT OF RS.25,00,000/- RECEIVED IN CASH THERE IS ANY LIABILITY TO PAY TCS FOR THE ABOVE TRANSACTION THANKING YOU