Tcs on sale of goods urgent
Ankit Sha (75 Points)
18 May 2022
should i collect tcs of 0.1% on taxable value or invoice value after charging gst.
3 Replies
Umesh Sharma
(student)
(350 Points)
Replied 18 May 2022
as per the TCS provisions it should be Charged in Invoice Value (taxable Value+GST).
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 19 May 2022
TCS is on receipt basis. It should be charged on the amount received Exceeding 50 lakhs per annum.
Please convey a like to this answer if it was helpful
Please convey a like to this answer if it was helpful
venkat
(accounts executive)
(39 Points)
Replied 04 April 2024
If turnover not exceed 10 crore but the sale of goods is above 50 lakh tcs applicable or not
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