New TCS u/s.206C(ih) applicable to Service Invoices?, Income Tax

[gvenugopal g]

Dear Experts,

Good Evening,

Kindly clarify whether new TCS under section 206C(ih) of Income tax Act, w.e.f.01.10.2020 @0.075% is applicable to service Invoices, where some establishments raises tax invoices to their customers for materials and labour separately.

Thanks & Regards: G. VENUGOPAL

Posts / Replies

[Ganeshan Kalyani]

This TCS is applicable only on sale of goods and not on services.