How to calculate TCS on sale, Who is to collect TCS on Sale, When TCS on sale, Sec 206C 1H
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- Опубликовано: 14 окт 2024
- 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,
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#howtocalculatetcsonsale
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#tds
#rateoftcsonsale
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#whotodeducttcsonsale
#thresholdoftcsonsale
#tcssaleamount
#206C(1H)
Visit www.studywudy.com for our Courses and webinars.
Visit www.legalsahayak.com for paid services of GST and income tax
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.
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.
Thankx mam
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
Kya stock transfer ya export me tcs tax lagega ya nahi bataye
Thank u mam... Aap bariki se or pure point se samjhati hai . Ek hi bar me dimak me beth jata hai .
Thanku so much madam maine apse bahut kuch sikha hai apki video dekher...thanks
Aapka ye video dekhkar mere TCS ke sare doubts clear ho gaye. Thank you Mam 😊
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.
bhut hi important video
superb 1dum clear ho gya
Best guidance on TCS
Thank you so much Mam! Mere Sabhi doubts clear hogaye apki is video ko dekhne ke bad.
Thanks a lot again!
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...
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?
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
Very clear explanation.
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
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
Very beautifully explained
GREAT TEACHING MADAM. THANK YOU VERY MUCH.
TCS receipt basis par hai to sales invoice mai TCS laga k dena h ya nahi
Thank you so much ma'am to clear my doubt on this topic ❤️
Ok
Thanks madam for needful update
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 ?
Will be TCS collection in case of inter sez transfer.All transactions thru usd eefc account
So nicely you explained madam.. 🙏🙏
Thanks for very good and perfect information of TCS.
Previous year (2019-2020) turnover is less than 10 crore
but purchases time 467.67 TCS charge printed
Super explain Mam
Mam iron waste Scrap par TCS lagega agar turnover 10 crore se kam hai ,, or receipt 50 lac se kam hai please suggest mam
मॅडम आपसे एक अनुरोध है की ,GST R1 अँड 3B की GST रिटर्न की अमेनिस्टी स्किम की तारीख बढेगी या नही ,इस विषय पर एक व्हिडिओ बनाईए , इसेकी साथ इसी विषय पर हम सब आपके व्हिवर / कन्सल्टंट के तरफ से govt.को स्किम बढाने के विषय पर आप हो सके तो कम्युनिकेशन करीये.
धन्यवाद
Mam turnover means as per branch wise to or total of all I.e head office and branches
Thank you so much mam aap ne doubts clear kr diya 🙏🙏🙏🙏
Nice explain ma'am. Relly all confused now it's clear
Thanks for video easy way to understand Tcs but I have one Question.
Highseas sale pe Tcs charge karna he ya nahi?
Please Help me...
I will wait for your valuable answer,
Please please please reply
So precious example
thankx Maam
Lovly Maam
Mam pls new tcs video upload kijiya.🙏🏻🙏🏻
very very useful thanks
All doubts cleared in such a simplified manner. 👍👍
Thanks mam alway shares valuable information..plz make complete video how to calculate tcs and where and how file
Good mam
We want detailed video mam on all FAQs
Madam plz make video on sala scrap (kabari dukan) regarding gst and tcs
Mam nice knowledge please next vedio tcs ke bareme sirf tcp ke bare me kaise calculate kare bahot confusion hai
Ma'am return Filling full step to TCS vedio
FAQ.. telegram par nhi mila mujhe.. sirf example jo aapne discuss kiya hai wohi hai..
Please upload FAQ also..
Thanks Madam, But I have query , you have collected 1 % FY 2021 but you have not less 50 lakh from total receipt, and FY 2223 you have less 50lakh from total receipt 65-50=15 then collect 1% ,. I confused pls explain
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
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
Thank you mam❤🙏🙏🙏🙏🙏
In current year limit crossed tcs is liable from current year or next financial year?
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
Mam ek confusion h, receipt check krni h in every f.y. If crosses 50 lakh then TCS deduct krna h, but jo 10 cr wala point h in prev f.y. wo doubtful h, kya dono conditions fulfil honi zaruri h, ya only receipt wala point consider krke deduct kr sakte h?
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
Maximum party to sale invoice me add kar dete hai mam, after sale cross 50 lakh
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
Central and state governments means government companies too?
Tally Accounting Bhi Bata Dejiye.
So tcs collection k liye further invoice raise karni padegi?
Jab jab buyer se amount rcpt hoga 50L cross hone k baad?
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.
Great one
Thanks mam .how to deposit tcs and how to show tcs in gst 3b and how to file tcs return.please make a detail video.
This is TCS under income tax not to show in 3B
Full details bhej dijiye TCS and TDS
Maam I Purchase rs.Rs.49,56,000-this amount include 18% ok. amounts goods from one Company on 1st October 2020,seller also Charge Me TSC ON AMOUNT OF 49,50,000/-TSC CHARGE rs.3717/-Why It Happen Plz Maam Clear Credit Time is 60days
Seller also Mention TSC charge In Invoice Also
Thanku maam, plz make vdeo on complete FAQ
Hi, in FY 2021 example you haven't considered the threshold limit of Rs 50 lac !!
Lekin madam tcs deduct & show kaha se karna hai bill se ya kaha se?? Aur madam konsa bill se tcs deduct krna shuru hoga?
Mam is TCS applicable all the Goods. Like Petroleum products and Alcohol etc..
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
Mam plz upload a video for vat portal and vat return related
I understand your calculations but madam how can i return tcs quarterly
Nice vedio ma'am
Thanks mam.nice video.
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?
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?
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
Nice mam
But FY 2021 me ek bar me tcs collect karna hai ya each everyone receipt amount, (note- threshold limit cross)
For example:-
Receipt Details:-
Upto 30th Sep-20 - 55 lakh
And 1st Oct'20 to Mar'21 - 50 lakh
( Oct- 5lakh, Nov-3lakh, Dec-20lakh, mar'27lakh)
Receipt wise
@@CAGuruJi thanks for help me Mam
Good Evening Mam, is TAN No. Is Mandatory for Proprietorship and there is any limit?
TCS k liye 50 lakh or 10 crore dono condtion full fill karna hai ya koi b ek cross hojai to TCS applicable hai
GST intrduced after obsorbing various types of taxes like service,excise etc... is this good to introduce like TCS etc...and make GST complicate
Please make video on tcs
Madam Trial se balance sheet ke liye kupan code kya hai please batai na
Person sale collection is Rs above 50 lacs one person but total turnover this person is rs onlt 60 lac in finac year 19.20 and 20.21 so tcs applicable
Whether tcs is applicable on branch transfer.
Mam please full video
Full FaQ
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
Thank you mam for this most important information 🙏💐🙏
Mam gst potal par bhi dikhana hoga
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 ?
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?
Agr fy 2021-22me opening nil ho to 50 lack tb bhi consider Kiya jaayega?
Nice information maidam jee please make a details video
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
TCS would be appliable if any advance receipt of Rs. above 50 lakhs on and after 01.10.2020 or Not ?
Please mam detail FAQ video
Nice
Superb
Clear ho gya ma'am thanks
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.
Dear madam
If i am a seller not having turnover more than 10cr in previous year but the buyers have turnover more than 10cr in previous year tcs will applicable or not from buyer side
Madam sales inv mein add karke de sakte hai, please tell????
Madam i have a doubt
Like for example if i am the seller and i sold the goods worth rs 60 lakh last year but received only 50lakh and then the next year when again i sold the goods for RS 60 lakh and received Rs 70 Lakh then how the tCS has to be charged ?
Is it something like for new Year the TCS resets and again we have to wait for 50Lakh or it just keeps on adding ?
Mam this tcs rule will be applicable in petrol pump