TCS on sale of goods: buyer-seller transactions trigger collection obligation when annual aggregate consideration exceeds threshold. Collection of tax at source on sale of goods is triggered where a buyer purchases goods and the aggregate sale consideration received by the seller in a previous year surpasses the statutory threshold, placing on the seller the obligation to collect, account for and remit tax at source when that aggregate consideration condition is met.
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Provisions expressly mentioned in the judgment/order text.
TCS on sale of goods: buyer-seller transactions trigger collection obligation when annual aggregate consideration exceeds threshold.
Collection of tax at source on sale of goods is triggered where a buyer purchases goods and the aggregate sale consideration received by the seller in a previous year surpasses the statutory threshold, placing on the seller the obligation to collect, account for and remit tax at source when that aggregate consideration condition is met.
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