TCS Applicability
Dharmender kumar Jha (Accountant) (208 Points)
26 August 2020
is there any TCS applicability on sale of any goods if turnover crossed 10 crore in previous FY...?
3 Replies
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 26 August 2020
| Originally posted by : Dharmender kumar Jha | ||
 |
is there any TCS applicability on sale of any goods if turnover crossed 10 crore in previous FY...? |  |
Dear Jha Ji
Kindly explain to us any goods meaning so that all reputed member can give right opinin
Dharmender kumar Jha
(Accountant)
(208 Points)
Replied 26 August 2020
Dear,
"any goods" meaning is (Koi Bhi samaan ki bikri).
I think u got it... if not than revert me I 'll explain it to you in more detail
"any goods" meaning is (Koi Bhi samaan ki bikri).
I think u got it... if not than revert me I 'll explain it to you in more detail
Roshni
(Studwnt)
(1141 Points)
Replied 26 August 2020
Yeah from 1st October 2020 it applies...if to a party you made sales of 50 lakhs and above then TCS @ .075 % should be deducted .(applies only when turnover cross 10 crore mark).
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