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Shiwam Kumar Bharti

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TCS on Sale of Goods Section 206C(1H) explained in simple words

June 4, 2020 3846 Views 1 comment Print

1. Applicable to those sellers whose total sales/revenue or gross collection exceeds 10 cr in preceding financial year. 2. Seller will collect TCS from his customers from whom collection exceeds 50 Lacs in current year. 3. TCS will be collected on amount collected over and above 50 Lacs. 4. TCS will be collected at the […]

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