https://www.taxtmi.com/forum/issue?id=117345 TCS deducted by a supplier on goods invoiced in one financial year but received in the next should be booked on an accrual basis in the year the tax was deducted and reported; if recorded in the subsequent year, the taxpayer may nonetheless claim the tax credit for the earlier year to which the deduction relates. en-us Tue, 13 Jul 2021 09:31:28 +0530 Thu, 23 Jan 2025 15:54:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117345 TCS deducted by a supplier on goods invoiced in one financial year but received in the next should be booked on an accrual basis in the year the tax was deducted and reported; if recorded in the subsequent year, the taxpayer may nonetheless claim the tax credit for the earlier year to which the deduction relates. Discussion-Forum Companies Law Tue, 13 Jul 2021 09:31:28 +0530 https://www.taxtmi.com/forum/issue?id=117345