Budget 2020: Forget ease of business, seller with turnover exceeding Rs. 10 Cr liable to collectTax At Source (TCS) on its sale if the transactions with any purchaser exceeds Rs. 50 lakh in a year

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Budget 2020: Forget ease of business, seller with turnover exceeding Rs. 10 Cr liable to collectTax At Source (TCS) on its sale if the transactions with any purchaser exceeds Rs. 50 lakh in a year

2 COMMENTS

  1. Hi Anirud – I have a doubt

    If I have a buyer, who purchases 5 lacs every month from me starting April’2020. Do I have to collect TCS from April’2020 or in Feb’2021 post the buyeR crosses 50lacs of purchases from me? Thank you

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