Sales of Goods TCS Entry in Tally Prime | Auto TCS Calculation in TallyPrime

Описание к видео Sales of Goods TCS Entry in Tally Prime | Auto TCS Calculation in TallyPrime

TCS on Sales | How to calculation TCS in Tally | Sales of goods TCS in Tally

What is the new TCS rule?
The new TCS rule is introduced vide the Finance Act 2020 with the insertion of sub-section (1H) to section 206C. Accordingly, the seller of the goods who receives any amount as consideration for the sale of any goods of the value exceeding INR 50 Lakhs is required to collect TCS @ 0.1% ( As on 19Dec2022)

What is the TCS rate for sale of goods?
A seller is required to collect tax at source at 0.1% on receipt of consideration of value exceeding Rs. 50 lakh in a financial year from the buyer. As on (25-Nov-2022)

tcs on sale of goods section
tcs on sale of goods applicability

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