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Query on Recent TCS Applicability Amendment – Sale of High-Value Shoes, Income Tax

Issue Id: - 119924
Dated: 25-4-2025
By:- Ramanathan Seshan

Query on Recent TCS Applicability Amendment – Sale of High-Value Shoes

Contents

Dear Experts,

Could someone please clarify the recent amendment regarding TCS applicability on the sale of shoes? Specifically, is TCS to be charged only if the value of a single pair of shoes exceeds ₹10 lakhs, or is it based on the total value per invoice?

Regards,

S Ram

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Showing Replies 1 to 3 of 3 Records

Page: 1

1 Dated: 25-4-2025
By:- YAGAY andSUN

Please share relevant Notification/Circulars/Laws to revert on abovementioned query.

2 Dated: 25-4-2025
By:- Ramanathan Seshan

Dear Yagay and sun-sir,

Please find the egazette published on 22 April 2025

https://egazette.gov.in/(S(zbtssh5l3nr0ng4avgkupzas))/SearchMinistry.aspx?id=239869

Regards,

S ram

3 Dated: 25-4-2025
By:- Samarth Jayachandra

Dear Sir, i believe based on the language in the notification, it is for a pair of shoes exceeding Rs. 10lakh and not the invoice value as the directive is towards luxury items. However, a CBDT clarification is required on this to avoid different interpretations.

Page: 1

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