Whether TCS applicable??

Shivam Jindal (11 Points)

11 May 2021  
A Co X being seller of goods to co Y and X1 (unit of X) purchase goods from Co Y. Instead of paying Sales Consideration in cash to X, Y sold goods to X1.

In the books of X, X1 is credited in the ledger of Y

whether X will collect TCS on goods sold to Y.

Exemption limits are crossed and covered under the provisions of TCS