Intricacies of TCS on Sale of Goods From 1st October 2020

Intricacies of TCS on Sale of Goods From 1st October 2020 – Part 1

This video discusses :

1. Analysis of Sec 206C(1H) of Income Tax

2. Effect on Invoicing from 1st October 2020

3. TCS on GST OR GST on TCS

4. TCS on Stock Transfers

5. Buyer Categorization Issue in ERP

6. Probable cash flow blockage due to Accumulation of TCS

Intricacies of TCS on Sale of Goods From 1st October 2020 – Part 2

This video discusses:

1. Charging TCS as a Separate Line Item

2. TCS on Collections for Earlier Invoices

3. Threshold of Rs.50 Lakhs per Customer

4. Reversal of TCS

5. Other Critical Issues on Implementation of Sec 206C(1H).