Tax collection timing: under 206C(1H) tax must be collected when the seller receives payment from the buyer. Section 206C(1H) requires that tax under the TCS regime on sale or purchase of goods be collected at the time the seller receives the relevant sum from the buyer; the receipt of payment, rather than issuance of invoice or completion of supply, is the timing event that triggers the collection obligation.
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 timing: under 206C(1H) tax must be collected when the seller receives payment from the buyer.
Section 206C(1H) requires that tax under the TCS regime on sale or purchase of goods be collected at the time the seller receives the relevant sum from the buyer; the receipt of payment, rather than issuance of invoice or completion of supply, is the timing event that triggers the collection obligation.
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