1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
TaxTMI Login
🚀 New: Section-Wise Filter ✕
Just a moment...
1. Search Case laws by Section / Act / Rule — now available beyond Income Tax. GST and Other Laws Available
2. New: “In Favour Of” filter added in Case Laws.
Try both these filters in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Manuals
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
<h1>Tax Collectors Must Deduct 1-5% on Sales of Alcohol, Forest Produce, Scrap Under Section 206C(1) Provisions</h1> Section 206C(1) mandates tax collection at source (TCS) for specific goods like alcoholic liquor, forest produce, and scrap. Sellers must collect tax at varying rates (1-5%) when debiting or receiving payment from buyers. Exemptions exist for public sector companies, government entities, and personal consumption. Buyers can claim credit for collected TCS. Special provisions apply for leasing parking lots, toll plazas, mines, and quarries, with a 2% TCS rate. Multiple clarificatory circulars have been issued to guide implementation of this tax collection mechanism.
TaxTMI 
TaxTMI 
