New Provision of TCS on sale of goods- TCS Section 206C (1H)
A Seller of Goods having turnover more than Rs. 10 crores in the previous Financial Year, is liable to collect TCS on sale of goods from the buyer.
A New Route of Tax Knowledge
TCS
A Seller of Goods having turnover more than Rs. 10 crores in the previous Financial Year, is liable to collect TCS on sale of goods from the buyer.
In the month of May 2020, Current TCS rates were revised and cut by 25%. For this, the effective dates are 14 May 2020 and it remains applicable till 31st March 2021