TCS Under 206C (1H) - RCCI

Implication of phase 206C (1H) It relates to the collection of tax at supply at the sale of goods. The provision requires a person accountable for paying to a resident any sum as attention for the sale of goods, to deduct tax on the charge of 1% if the price exceeds fifty lakh rupees in the economic year. - Rajkot Chamber Of Commerce & Industry - RCCI - Speaker : Rushabh Shah