RAJASEKARAN (Accounts Manager) (73 Points)
26 September 2020
prasad Nilugal
( GST Practitioner & Accounts )
(14805 Points)
Replied 26 September 2020
1) TCS under GST act or TCS under Income Tax act .
2) Is your branch office registered under GST ?.
RAJASEKARAN
(Accounts Manager)
(73 Points)
Replied 26 September 2020
prasad Nilugal
( GST Practitioner & Accounts )
(14805 Points)
Replied 26 September 2020
Is the value of Goods transfer from HO to branch Rs 50 Lac and above . ?
prasad Nilugal
( GST Practitioner & Accounts )
(14805 Points)
Replied 26 September 2020
Sir , TCS above 50 Lac is under the Income Tax act 1961 not under GST act 2017 . under GST act branch transfer is supply but no such provision under income Tax act , so to deduct TCS or not is matter of Clarification from the department only . This is my opinion please confirm with others also .
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