We know it is quite difficult to know every about TCS under GST. So keeping this in mind, we have gathered some of the most important FAQs on TCS for your reference.
TCS (Tax Collected at Source) is a concept that is covered under both Income Tax Act and GST Act. TCS is collected by the seller from their buyer on the specified goods. The list of goods on which TCS is applicable is covered under Section 206C of the Income Tax Act. Let us understand the … Read moreEverything you should know about TCS (Tax Collected at Source)