Dear Customer

As per the notification from Govt. of India to implement TCS on sales of any product from 1st of Oct 2020 TCS will be applied.

  • ✔ If seller’s turnover exceeds INR10 Crores in preceding financial year. (NOTE: Does not apply to Tendu Leave, Liquor, Timber, Scrap, Toll ticket, Cars or goods liable to TDS)
  • ✔ Sale to single customer of 50 lakhs in a preceding financial year.( NOTE: If the buyer is liable to deduct TDS, Govt., Embassy or high)
  • ✔ Whether the buyer has furnished PAN/Adhar. (NOTE: TCS will be payable including GST amount.)
Y

If Yes: Collect TCS @0.1% on excess. (Covid-19 25% relaxation available till 31-3-2021)

N

If No: Collect TCS @1% on excess. (Covid-19 25% relaxation available till 31-3-2021)

Microsoft has released the hotfix (CU59)for the same and we are ready with the Demo and deployment. PFA the PPT to understand the TCS and its terms.