How to calculate TCS on sale, Who is to collect TCS on Sale, When TCS on sale, Sec 206C 1H

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3 жыл бұрын

From 1 October 20 New section 206C(1H) is applicable which is TCS on sale of goods but there are lots of confusion about its calculation, Who is liable to collect TCS on sale, When to collect TCS on Sale, is GST to include while collecting TCS and many more queries and all are sorted out in this video
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WATCH TO KNOW:
How to calculate TCS on sale,
Who is liable to collect TCS,
TCS on sale,
why tcs deducted on sale,
why tax on sale deducted,
taxonsale,
new tax on sale,
New Tax on sale,
Is TCS applicable on export,
Ca guru ji
TCS,
TDS,
New section of TCS,
Section 206 C (1H)
GST,
TAX,
Income tax,
ITR,
Sale,
#tcsonsale
#howtocalculatetcsonsale
#tcs
#tcsreturn
#incometaxnewchanges
#incometax
#tds
#rateoftcsonsale
#whytcsdeuctedonsale
#whotodeducttcsonsale
#thresholdoftcsonsale
#tcssaleamount
#206C(1H)

Пікірлер: 397

@CAGuruJi 3 жыл бұрын

Visit www.studywudy.com for our Courses and webinars. Visit www.legalsahayak.com for paid services of GST and income tax

@DEEPIKA-cc8dk 3 жыл бұрын

form 26as- Total Amount Paid/ Credited is 355582 form 16- income chargeable under head salaries is 309167 total amount of salary received from employer[1(d)-2(h)] is359167 but my TDS deduction is zero and matching in form16 and 26as.. what should i do. should i file itr on form 16 base.

@Sachin-jt8ib 3 жыл бұрын

Mam, my total income is more in form 16 but less in 26as , there is difference of 4000. There is no tds and tax on my income . What shall I do to for this difference in income.

@golamgousuddin1791 3 жыл бұрын

Thankx mam

@aks1509 3 жыл бұрын

Mam,me govt employee hu apke video dekh. K me 2 sal se itr 1fill Karna start kiya hai par is bar meri 2015 ki pending salary aa gyi hai 2015 se 2017 tak me itr fill nahi karta tha to me iska claim 89(1) 10E form kese show kar sakta hu ? Agar complicated hai to me apki service le lunga

@ram29252 3 жыл бұрын

Kya stock transfer ya export me tcs tax lagega ya nahi bataye

@sagarborikar1114 3 жыл бұрын

Thank u mam... Aap bariki se or pure point se samjhati hai . Ek hi bar me dimak me beth jata hai .

@swas_tik521 3 жыл бұрын

Aapka ye video dekhkar mere TCS ke sare doubts clear ho gaye. Thank you Mam 😊

@kanchanmaurya5327 3 жыл бұрын

Thanku so much madam maine apse bahut kuch sikha hai apki video dekher...thanks

@abhishekpait5346 3 жыл бұрын

All doubts cleared in such a simplified manner. 👍👍

@everythinginlife3468 3 жыл бұрын

Thank you so much ma'am to clear my doubt on this topic ❤️

@dharmeshkorat6602 3 жыл бұрын

@asimshiledar8890 3 жыл бұрын

Thanks for very good and perfect information of TCS.

@vitthaldhobale1947 2 жыл бұрын

Thank you ! for explaining TCS calculation very well. I have a one question. Can we adjust the wrongly paid TCS tO TDS ? If yes. So please explain How ?

@sathishe.3196 3 жыл бұрын

Thanks for your video. I have query in TCS, Whether TCS applicable on advance payment received for sale. Which will be treated as Sale consideration?

@mohammedhanifhawaldar1389 3 жыл бұрын

Thank you so much Mam! Mere Sabhi doubts clear hogaye apki is video ko dekhne ke bad. Thanks a lot again!

@shubhamgoel2659 3 жыл бұрын

Is it necessary to charge tcs in invoice. Or Debit note can be raised at the time of receipt of amount. Plz share format for debit note

@buyermustplay881 3 жыл бұрын

Thanks for imparting knowledge. My brother had taken gst number as he thought he could earn from his youtube videos. But even after 2 years, there is no earning. He has surrendered gst number, in august 2019. Does he need to fill( direct taxes income tax) itr 1 or itr 3. Thanks in advance

@sachinrana2171 3 жыл бұрын

If I deducted Less TCS due to an error while entry, can I deduct the remaining TCS in next sale bill of same party by entering remaining amount manual

@alokekanri3279 3 жыл бұрын

Nice explain ma'am. Relly all confused now it's clear

@ranganathvenkatachalapathy3071 3 жыл бұрын

GST intrduced after obsorbing various types of taxes like service,excise etc... is this good to introduce like TCS etc...and make GST complicate

@radheyradhey9726 3 жыл бұрын

bhut hi important video superb 1dum clear ho gya

@roy_joy 3 жыл бұрын

We Have Deemed Export sales (i.e Sale to EOU unit against form A). As per my understanding, there is no need to deduct TCS u/s 206C(1H) am i right or wrong.please clarefy

@sonalr.c4219 3 жыл бұрын

Thanks mam alway shares valuable information..plz make complete video how to calculate tcs and where and how file

@deepakdolas5250 3 жыл бұрын

Mam as per party wise dekhna Padega na ledger ka receipt , toh lagana hena ..075% tcs , or tax audit date 30 oct last he ki 30 November?

@saxenaamit1001 3 жыл бұрын

Thank you mam for this most important information 🙏💐🙏

@memoryremember4413 3 жыл бұрын

Mam, Maine 2019-20 ka gstr 3b return submit nahi kiya kisi karan, mam kya date extand aur hoga kya?

@amitdadhich3271 3 жыл бұрын

Thanks for the update ... Kindly clarify if we receive a bulk payment should we treat it as inclusive of TCS and reverse calculate or should we need to give a debit note for TCS amount. Thanks

@SunilKumar-nv2zp 3 жыл бұрын

So tcs collection k liye further invoice raise karni padegi? Jab jab buyer se amount rcpt hoga 50L cross hone k baad?

@AmanYadav-ky8sy 3 жыл бұрын

Thank you so much mam aap ne doubts clear kr diya 🙏🙏🙏🙏

@prabhatkeshri959 3 жыл бұрын

If X purchase Coal from Y in exchange of Steel. The value of both transaction is 1 crores. Is the Section 206(1H) apply in this case? If yes, then how? No party making payment on such transactions. Please reply

@vijayrathore9560 3 жыл бұрын

We are having sales and purchase transactions both amounting more than Rs 50 Lacs with a person in current FY (for example, we sold goods worth Rs 80 Lacs to M/s. A and also purchased goods worth Rs. 60 Lacs from him and we received payment of Rs. 20 Lacs after 1st October 2020). Are both of us liable to collect TCS from each other ?

@Pagalpan07 3 жыл бұрын

Good Evening Mam, is TAN No. Is Mandatory for Proprietorship and there is any limit?

@Kaushikblogs 3 жыл бұрын

Mam agar F. Y-2017-18 ke crdit note ko GSTR-3B and GSTR-1 me F. Y. Me show kiya h to isko GSTR-9 F. Y. -2018-19 me kaise dikhana h jisse turnover par koi effect me ho

@gopabandhusahu5965 3 жыл бұрын

Good evening madam , plz help about that now AY-19-20 filling continued but if one taxpayer filing nil return but the penalty is pay 1000/- the amount pay which head minor or major ??

@akg1616 3 жыл бұрын

If we charge TCS on Invoice then We need to put it as other amount in EWAY ??

@mehnazansari8154 2 жыл бұрын

Agr fy 2021-22me opening nil ho to 50 lack tb bhi consider Kiya jaayega?

@vivekbhardwajinsan1211 3 жыл бұрын

If I receive a amount from debtor which is above of rs. 50 lacs in Oct then should I issue a debit note for tcs amount without GST. If yes then when will I deposit this debit note amount to govt, when I will receive this debit note payment or just after issue of debit note

@dilipjain8852 3 жыл бұрын

As per law if sales more than 10/- in fy 2019-20 then tcs will applicable then in next fy 2020-21 sales under 10/-cr Then tcs will applicable in fy 2021-22

@adv.devenderkalra4029 3 жыл бұрын

Where toh show speculative business income from intraday trading in itr 3 please reply mam @Caguruji

@parmod90sharma 3 жыл бұрын

Mam Humne jo 50lac K ooper jo TCS amount deducted kari h Uska challan Kis parkaar bhara jayga?? Iss vaale TCS kee Return filed Kis parkaar kari jaygi ? Please 🙏 batage.

@dhanashreeharyan3536 3 жыл бұрын

TCS receipt basis par hai to sales invoice mai TCS laga k dena h ya nahi

@rajivdee1944 3 жыл бұрын

Thank u Maam, can i charge TCS from a single party once in a year on the total amount ???

@vijayathavale7250 3 жыл бұрын

Madam I wanted the detailed video as well as the FAQs regarding TCS...

@vollaSaiKiran 3 жыл бұрын

Mam is TCS applicable all the Goods. Like Petroleum products and Alcohol etc..

@harshitvijay2930 3 жыл бұрын

Ma'am what about the threshold limit of rs 10cr. In example none of the year has the sale exceeding 10cr so the tcs provision should not be applicable. 50lakhs limit shall be considered after the threshold limit of 10. cr. In faq1 u told the same Please guide.

@abidnadeem7363 3 жыл бұрын

Mam if threshold limit is not cross in any financial year and the receipts cross the limit of 50lakh in 20-21 So then TCS is applicable or not??

@subhasishchakraborty9427 3 жыл бұрын

Mam humne maximum Ca, accountant, or industry se baat kea. Par sabhi ne tcs bill par hi charge kar rahe hai. April to September 50 lakh receipts cross hone par bill pe hi charge kar rahe hai. Yeah notification me kahi likha nahi hai, but humko bhi lagta hai yahi sahi hoga. Receipts par tcs collect kar ne ke lea thora jayda mahanat karna hoga. Har party ko tcs amount collecte kar ne ke lea buyer ko Debit note dena hoga. Jo ki bohut jayada complicated hoga.

@Anurag8232 3 жыл бұрын

Can we take input tax credit on paid as TCS @ 0.1% On purchase or payment against above Rs.50-L.

@guneshgroww2219 3 жыл бұрын

Lekin madam tcs deduct & show kaha se karna hai bill se ya kaha se?? Aur madam konsa bill se tcs deduct krna shuru hoga?

@chawdemramprasad9236 2 жыл бұрын

GREAT TEACHING MADAM. THANK YOU VERY MUCH.

@prashantgoel3029 3 жыл бұрын

What about 27 c based sales we used to make for timber material . Can we still accept 27 c .

@bhavin2002 Жыл бұрын

In current year limit crossed tcs is liable from current year or next financial year?

@GOPALSHARMA-hi9ij 3 жыл бұрын

Shall seller add the tcs in tax invoice. If yes and if consideration is received in piecemeal. Then how to discharge liability

@rajeshkumarpal4434 3 жыл бұрын

TCS would be appliable if any advance receipt of Rs. above 50 lakhs on and after 01.10.2020 or Not ?

@dnishkhan3074 3 жыл бұрын

Maam. Privous year (2019-2020) turn over less then 10 Cr.. But. Currently year .tourn over cross to 10 cr... Dout tcs aplicable ya not aplicable

@ganeshmane8953 Жыл бұрын

Maximum party to sale invoice me add kar dete hai mam, after sale cross 50 lakh

@mrkmop1069 3 жыл бұрын

Mam, Tan No. Statewise hota hai kya? Example : mera 1 Branch Noida me hai aur rent ke bill me Noida ke gst No. Pe milta hai, but hamare pass TAN No, Delhi ka hai to kya TAN No Noida Ka V Chahiye Kya

@sonaligarg573 3 жыл бұрын

Namastee mam, Mam TCS ki entry receipt basis pr tally me kaise Kate? Means client ko koi document provide karana hoga TCS money recover k liye, to vo docs kya provide Kare? Kya m DN provide karaun iske liye? Or kya uss DN pr tax lagega? Bcoz tax pr tax nahi lagta h. Pls suggest.

@ganeshshelar5824 3 жыл бұрын

I received consideration of Rs. 10 lakh on dated 05.04.2021 against Invoice raised in month of Mar 21 and already Applied TCS on Invoice...But my Threshold limit of Consideration Received of Rs. 50 Lakh for F Y 21-22 not crossed...I have to pay TCS on 10 Lakh?

@j.kbroilers9458 3 жыл бұрын

AGAR TCS RECEIPT PE LAGNA HAI TOH PHIR SALE BILL ME GOODS KE UPER KYUN LAGAI JA RAHI HAI ?

@BrajeshKumar-gg4it 3 жыл бұрын

Ma'am please ak video TCS on good purchases ke bare me banaye Apka video dekhar bahut kuchh sikhata hu or knowledge update hota hai Thanks ma'am

@deepakaggarwal8711 3 жыл бұрын

Mam apke according uski annual receipt dekhe fir us pe tcs Ki journal entery pass krke uspe tcs receieve kre...hm to sale dekh rhe they ki sale uski 50 crose kr gi..bill pe tcs lga rhe they...apke according uski annual outstanding check kre...

@clutchking4209 3 жыл бұрын

Mam aap ca ho , kya aapko lgta h nov2020 ca exam hone chahiye????, jab ca log itr fy18-19 ko file krne ke liye extension le chuke h jo ki online file honi thi toh kya exam offline ho skte

@totanmaiti1968 3 жыл бұрын

Madam tcs jo add karenge o kyase dekhayange. BANK 1501500/- TO Party A/C (65L-50L) 1500000/- TO TCS 1500/- TCS 15L LAKH KE SATH INCLUDE REHE GA

@karishmapunjabi5714 3 жыл бұрын

Having lot of confusion maam a seller can collect TCS if his sale is more than Rs 10crore in the previous Financial year suppose if we need to calculate TCS for F.Y 2020-2021 we have to see the sales for F.Y 19-20 which is 60 lacs in our example still we need to collect TCS? Kindly clear my doubt

@GauravSharma-hu8ly 3 жыл бұрын

Thanks alot it's really very helpful.

@amitnavani8524 2 жыл бұрын

Mam muje ye puchna he ki tcs on coal if some one has given form no 27c for non deduction tcs then in tcs return which amount should be taken with GST or without GST in tcs return

@abhijitpal5519 3 жыл бұрын

Dear Madam, We have sale a customer on 10.11.2020 & TCS charge 0.75 % . Customer returned full invoice goods. In that case TCS charge in credit note. Kindly help in that situation.

@itshardikrajgor 3 жыл бұрын

Hi, in FY 2021 example you haven't considered the threshold limit of Rs 50 lac !!

@vipulsolanki8934 3 жыл бұрын

Mam i have found your videos. Even i have read circular But there is query in TCS on Scrap, which is 1%, so for that also consideration of 50lakhs limit?

@gauravsethi1226 Жыл бұрын

Respected Mam, Please guide sir if F.Y 2021-22 Me mera T.O 10cr hai.. F.y 22-23 me ek party esi aati hai jiske sath sale & purchase dono hota hai (party last year TO is less than 10cr) to muje us party ka 194q me tds katna hai payment ka after exemption of rs 50lac Also i have to collect tcs on the receipts and give 50lac exemption seperatly.. Right? Mostly confusion isme hai ki dono sections kj exemption deni hai 50lac ki...ya ek hi baar dena hai

@jyotithakur4202 3 жыл бұрын

Mam If I transfer the remaining balance of one buyer to another buyer's account. Will take TCS ?

@thedailydose5522 3 жыл бұрын

So nicely you explained madam.. 🙏🙏

@AVINASHSHARMA5371 3 жыл бұрын

AGR KISI PARTY KA OUTSTANDING F.Y.19-20 KA ..1 CR H..AND PAYMENT AFTER 01/10/2020 KO RECD HOTI H ..THAN TCS APPLICABLE HOGA ?

@princerajput7673 3 жыл бұрын

Mam hame invoice m tcs lag kr aya h 1 oct ko... Kya yeh sahi h..2020- 21. M to 50 lakh se upar pay kiya h...or ek baat Jo purchase krta voo tcs ki entery kese kre or kon se head m rakhe please ye bhi batye ( from Punjab)

@satyanarayanagrawaladvocat3411 3 жыл бұрын

Mam what is difference between total sales and gross receipts, please cite with an example

@ShivKumar-lk2kz 3 жыл бұрын

Hello Mam, Ewaybill me tcs ka amount kase dikhaya jayega or kahan per enter करना है, please replay.

@shahidparvez1245 3 жыл бұрын

What is the due date of deposit of TCS ? Monthly or yearly ?

@MrShaibalpaul 3 жыл бұрын

Iam in doubt that TCS amount should I be eligible to apply Tcs for a buyer whose receipt is 55lakh i e from 01.10.20 till 30.04.2021 Or should I apply Tcs to a buyer only if the buyer receipt is more than 50lakh in 1year or from 1.10.20

@vishaljadhav1971 3 жыл бұрын

Thanks ma'am. But maine ek vedio dekha usmani bataya ki TCS to sales se collect hogi, or agar receipt pe karni hai to samne wale se har bar extra payment leni padegi, or uska alag account rakhna hoga. Please reply

@piyushsawant9428 2 жыл бұрын

Best guidance on TCS

@skislam9455 3 жыл бұрын

If i partly sales tcs material and partly sale non tcs material then how to collect tcs us 206c1h

@miteshmachhi9962 3 жыл бұрын

Madam sales inv mein add karke de sakte hai, please tell????

@chikkegowda2329 3 жыл бұрын

Madam I have a query during the Year 2020-21 (as on 18.03.2021) my turnover crossed the limit of 10 crores but none of my client have made 50 lakhs payment . Now question is when it comes to F.Y.2021-22 though my turnover in the preceding year crossed 10 crores but receipt of those outstanding payment in the year 2021-22 not exceeding 50 lakhs .on this situation Whether TCS obligation will be applicable or not

@ishwardayalsharma7066 3 жыл бұрын

Thanku maam, plz make vdeo on complete FAQ

@hansamaheshwari7611 3 жыл бұрын

If a person not deduct tcs as per provision 206(c)(1h) then 30% amount will be disallow in tax audit or not?

@arvindswami9664 3 жыл бұрын

Medam TCS tax ko eway bill e show krna h agar krna h to kese krna medam please reply

@Sha-kw5tg 3 жыл бұрын

Ma'am Input tax ki entering aur jo sale kiye hai useka return ki entering kaha karte hai GST k portal me

@nprajapat1 3 жыл бұрын

My last year ternover was less than 10 crore but current year i crossed 10 crore. Now i eligible for tcs deductions?

@shadabakhtaransari3711 3 жыл бұрын

Ma'am ROC aur Director eKYC pr v Detail video bana dijye?

@bhushangoyal99 Жыл бұрын

MAM RECEIPT BAISC PR YE SEC. H THO BOOKS M ENTERY KSE KREGE OR BINA BILL PR CHARGES KIYE VO PAYAMENT HMKO KSE KREGA

@yogis6760 3 жыл бұрын

If single sale bill crosses 2 lakh is there any compulsory to add TCS 🤔

@learn_to_win 3 жыл бұрын

FAQ.. telegram par nhi mila mujhe.. sirf example jo aapne discuss kiya hai wohi hai.. Please upload FAQ also..

@MUKESHSHARMA-yy8sf 2 жыл бұрын

Humne sale kiya Buyer payment kar raha hai tcs ka paisa buyer se hi lege ki apni taraf se jama karna hai mam Receipt diff tho ek baar dekh sakte hai fir tho buyer ko jo bill karege ussi per lagega na mam

@dollyverma2041 3 жыл бұрын

Mam mujhe ek doubt hai. F.Y 2020-21 me aapne 45L par 1% calculate kara par F.Y 2022-23 me 50L minus karke 65L me se only 15L par tcs calculate kara. 45 vale case me exemption ni hogi kya ?

@mayankdarji2802 3 жыл бұрын

Thanks for update ✌️🙏

@vikrammusale6502 2 жыл бұрын

Hi mam Mera new entity hai but mera party to sale more than 50lakh ho gaya hai to kaise apply karna hai

@forviews9092 3 жыл бұрын

Agr hum invoicing m tcs lga k bhej rhe hai aur customer se 50 lacs k below hi receipt h toh voh customer agr tcs pay kr deta h toh baad m voh Debit note issue karega uss amount k kiye

@harshson 3 жыл бұрын

Mam, what about the PSUs for TCS?

@sahilsharma-yx7oc 3 жыл бұрын

Mam mai amazone ko sale krta hu 60 lakh ka us se mujhe receipt horhai h to tcs kon katega

@shafiquenakedar6554 2 жыл бұрын

TCS k liye 50 lakh or 10 crore dono condtion full fill karna hai ya koi b ek cross hojai to TCS applicable hai

@dilippatel5296 3 жыл бұрын

i am buyer / Seller of MEIS Duty Scrip then TCS is applicable ?

@rahultelrandhe7014 3 жыл бұрын

Mam nice knowledge please next vedio tcs ke bareme sirf tcp ke bare me kaise calculate kare bahot confusion hai

@milindgudadhe1713 3 жыл бұрын

मॅडम पहले तो Gstr-३b & Gstr-१ की तिथी extend from ०१/०७/२०१७ to ३०/०९/२०२० upto ३१/१२/२०२० also waive late fees, my four to five client are korona positive how to tell them paid Gst tax and late fees