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TCS u/s,206C(iH) applicable for goods sale between branches having same PAN, Income Tax

Issue Id: - 116708
Dated: 14-9-2020
By:- gvenugopal g
TCS u/s,206C(iH) applicable for goods sale between branches having same PAN

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Dear Experts,

Good Evening!!

Kindly clarify whether TCS @0.075% is applicable on sale of goods w.e.f. 01.10.2020 in between branches having same single PAN but different GST numbers in various states. .

Thanks & Regards: G VENUGOPAL

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Showing Replies 1 to 2 of 2 Records

1 Dated: 16-9-2020
By:- Ganeshan Kalyani

In my view, the TCS is applicable on sales to customer. Therefore, stock transfer is not covered under TCS requirement.

2 Dated: 21-9-2020

Stock Transfer is not recognized in GST Regime except when goods are delivery within same GSTIN of the assessee/dealer. This matter needs further deliberation and meticulous discussions.


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