TCS - Section 206C - Insertion of Section 1H
Nikhil (Article Trainee) (125 Points)
01 February 2020
Please Explain about the Insertion of Section 1H . in the finance bill.
Roshni
(Studwnt)
(1141 Points)
Replied 01 February 2020
Nikhil
(Article Trainee)
(125 Points)
Replied 01 February 2020
rishabh
(surat)
(28 Points)
Replied 07 February 2020
in the section it states that tcs to be collected on consideration received above 50 lakhs from a single buyer.
My Question is :
is it necessary that the seller should have made sales of 50 lakhs to that buyer in previous year or consideration received of the sales made in the year preceding to the previous year should also be considered?
Nikhil
(Article Trainee)
(125 Points)
Replied 07 February 2020
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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