https://www.taxtmi.com/manuals?id=4510 Tax Collection at Source on sale of alcoholic liquor for human consumption must be collected by the seller at 2% of the sale consideration at the earlier of debit to the buyer's account or receipt of payment. No monetary threshold applies. Non-collection is permitted where a resident buyer gives the prescribed declaration that the goods will be used for manufacturing, processing, production, or power generation rather than trading. The seller must forward the declaration to the prescribed income-tax authority. en-us Thu, 29 Feb 2024 12:20:00 +0530 Wed, 05 Aug 2026 12:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4510 Tax Collection at Source on sale of alcoholic liquor for human consumption must be collected by the seller at 2% of the sale consideration at the earlier of debit to the buyer's account or receipt of payment. No monetary threshold applies. Non-collection is permitted where a resident buyer gives the prescribed declaration that the goods will be used for manufacturing, processing, production, or power generation rather than trading. The seller must forward the declaration to the prescribed income-tax authority. Manuals Income Tax Thu, 29 Feb 2024 12:20:00 +0530 https://www.taxtmi.com/manuals?id=4510