Pick the item under section 206C, enter the sale value, and see the TCS to collect and the total from the buyer. Free, instant, and no signup.
Enter the sale value including GST. TCS is generally collected on the amount including GST, then added on top as a separate line. Confirm the current rate and any threshold before you collect.
TCS, or tax collected at source, is a percentage the seller collects from the buyer on certain goods and remits to the government. Unlike TDS, which is deducted from a payment, TCS is added on top of the sale value, so the buyer pays the sale value plus the TCS.
The rate depends on the item under section 206C. If the buyer has not given a PAN, the rate is the higher of twice the normal rate or 5 percent. Some items also apply only above a threshold, so check that before you collect.
Unlike TDS, TCS is generally collected on the amount including GST, because it is collected on the consideration the buyer actually pays. So enter the sale value with GST included, and the TCS is added on top as a separate amount. Treatment can vary by section, so confirm for your case.
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