TCS on advance receipt of paymentUnder section 206C(1H), sellers must deduct TCS every time that they receive payment against a sale consideration, or every time that they receive an advance payment. However, aa
However to collect TCS on sale of goods, the seller needs to raise sale invoice including the amount of TCS, account in the books as a TCS liability even in actual sense it is not payable. Even though the TCS amount is debited to the buyer, t...
However to collect TCS on the sale of goods, the seller needs to raise the sale invoice including the amount of TCS, account in the books as a TCS liability even in actual sense it is not payable. Even though the TCS amount is debited to...
2.1 To make a purchase on our Website, you must have an account (hereinafter the "Account"). You can create an Account as follows: - Either by going to the "Create an Account" (or equivalent) section of the Website; - Or in the process of ordering, during the identification step. ...
Tax collected at source (TCS) is the tax payable bya seller which he collects from the buyer at the time of sale. Section 206C of the Income-tax act governs the goods on which the seller has to collect tax from the purchasers.
This section of the page shows the number of discretionary Buy and Sell transactions recorded for the last 3-Months, 6-Months, and 1-Year. The histogram provides a visual clue as to whether more buying or selling occurred. For Buys, this includes "Buy" and "Subscribe" transactions. When ...
S12.31 E-Invoice Generation Using Official Excel kit - Excel to JSON, JSON upload on E-Invoice Portal Section-13. Payroll Management S13.1 What is Payroll I An Introduction S13.2 What is Basic Salary, methods of calculating basic salary S13.3 What is DA, methods of Calculating DA S13.4 Wh...
As per section 52 of CSGT Act, the TCS is to be collected by the e-commerce operator with respect to taxable supplies made through their portal by other suppliers, where the consideration in respect of such supplies is collected by him. Thus, the applicability for TCS collection depends upon...
TCS calculation on customer payments under section 206C(1H). TCS calculation on customer payments under section 206C(1H) and where GST is also applicable. See Also As per new TCS rules, TCS is to be collected on receipt of payment that is over and above the threshold amount, the ...
Please be aware that the warranty terms on items offered for sale by third party Marketplace sellers may differ from those displayed in this section (if any). To confirm warranty terms on an item offered for sale by a third party ...