Tax Collection Threshold triggers TCS on goods when annual sale consideration exceeds the notified high-value limit. Section 206C(1H) requires collection of tax at source by the seller when the aggregate sale consideration received from a buyer during the financial year exceeds the prescribed limit; the operative threshold is Rs. 50 lakhs.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Tax Collection Threshold triggers TCS on goods when annual sale consideration exceeds the notified high-value limit.
Section 206C(1H) requires collection of tax at source by the seller when the aggregate sale consideration received from a buyer during the financial year exceeds the prescribed limit; the operative threshold is Rs. 50 lakhs.
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