Sunday, November 1, 2020

TCS :- TCS on any other Sale

Friends,  TCS on sale of goods is applicable w.e.f. 01.10.2020 with some conditions as per Circular No 17/2020 dated 29th September 2020.  The following conditions should be apply before charging TCS on Sale :-
1. Previous year sale should be 10 Crore.
2. Threshold limit is Rs. 50 Lakh in this Financial Year only those who have 10 Crore Sale in Previous Year.

Today, is 1st Nov, 2020 , it is time to deposit collected TCS on Sale.  Now , a general question arise that in which collection code amount of tcs can be deposited. 


It is clear while deposit on line TCS through challan no 281, Collection Code is  6CR- TCS on sale of Goods.

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