W.E.F 01.04.2021 TCS SHOULD CHARGE ON SALE OF GOODS WHOSE SALES CROSSED 50 LAKHS IN FY 20-21 OR IN FY 21-22 WE SHOULD CHARGE AFTER CROSSING 50 LAKHS. CONFUSSION OF CHARGING TCS IN FY 21-22.
THANKS IN ADVANCE
2 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 02 April 2021
If sale value crossed 50 crores rupees then tcs @ 0.1% should be charged
Mohanraj J
(1178 Points)
Replied 02 April 2021
Sourav Bhai, we need to analyse TO & Sales value too?
eg; Turnover Less than 5 Crores, but sales made more than 50 lakhs to one customer.
Turnover more than 10 crores but 50 Lakhs sales not made to any single customer
eg; Turnover Less than 5 Crores, but sales made more than 50 lakhs to one customer.
Turnover more than 10 crores but 50 Lakhs sales not made to any single customer
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