https://www.taxtmi.com/forum/issue?id=105698 Timing of TCS is the earlier of receipt of payment (including advances) or issuance of the invoice; TCS may therefore be collected on receipt of advance. Interest is chargeable for delayed or belated payment at the prescribed monthly rate for each month or part thereof. Compliance should follow the statutory TCS provisions and the earlier-of-receipt-or-invoice rule. en-us Mon, 20 May 2013 10:21:48 +0530 Thu, 23 Jan 2025 15:57:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=105698 Timing of TCS is the earlier of receipt of payment (including advances) or issuance of the invoice; TCS may therefore be collected on receipt of advance. Interest is chargeable for delayed or belated payment at the prescribed monthly rate for each month or part thereof. Compliance should follow the statutory TCS provisions and the earlier-of-receipt-or-invoice rule. Discussion-Forum Income Tax Mon, 20 May 2013 10:21:48 +0530 https://www.taxtmi.com/forum/issue?id=105698