Seller to collect TCS from consideration received from buyer [ Section 206C(1H) ]

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..... ceives any amount as consideration for sale of any goods of the value or aggregate of such value exceeding fifty lakh rupees in any previous year , other than the goods being exported out of India or goods covered in section 206C(1) /(1F) /(1G) shall, at the time of receipt of such amount, collect from the buyer, a sum equal to 0.1% of the sale consideration exceeding ₹ 50,00,000/- as income .....

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..... 0; or a person importing goods into India or any other person as the Central Government may, by notification in the Official Gazette, specify for this purpose, subject to such conditions as may be specified therein. (b) Seller means a person whose total sales, gross receipts or turnover from the business carried on by him exceed ₹ 10 crore during the financial year immediately preceding the .....

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