FAQs on new TCS provisions w.e.f. 01st October 2020
Q1. What is the applicability of these new provisions or who is required to comply with these provisions? A: Every seller whose total sales, gross receipts or turnover from his business exceeds INR 10 crores in the immediately preceding Financial Year is liable to collect TCS. Therefore if the turnover of the seller in FY 2019-20 exceeds […]