S. No. |
Goods & Services liable to TCS |
New provision |
Status |
|
|
PAN / Aadhaar Furnished |
PAN/Aadhaar Not Furnished |
|
1 |
Alcoholic liquor for human consumption |
1% |
Twice or 5% which ever is higher |
Existing Provision |
2 |
Motor Car |
1% |
Twice or 5% which- ever is higher |
Existing provision |
3 |
Timber obtained under Forest lease |
2.5% |
Twice or 5% which- ever is higher |
Existing provision |
4 |
Timber obtained by any mode other than under a forest lease |
2.5% |
Twice or 5% which- ever is higher |
Existing provision |
5 |
Tendu leaves |
5% |
Twice or 5% which- ever Is higher |
Existing provision |
6 |
Minerals, being coal or ignite or iron ore |
1% |
Twice or 5% which- ever is higher |
Existing provision |
7 |
Scrap |
1% |
Twice or 5% which- ever is higher |
Existing provision |
8 |
Any other forest pro- duce not being timber or tendu leaves |
2.5% |
Twice or 5% which- ever is higher |
Existing provision |
9 |
Parking Lot |
2% |
Twice or 5% which- ever is higher |
Existing provision |
10 |
Toll Plaza |
2% |
Twice or 5% which- ever is higher |
Existing provision |
11 |
Mining & quarrying |
2% |
Twice or 5% which- ever is higher |
Existing provision |
12 |
Overseas tour travel package |
5% |
10% |
New
provision |
13 |
Remittance of Forex under LRS of Rs. 7 lakh or more in a financial year |
5% |
10% |
New
provision |
14 |
Sale of goods in excess of Rs. 50 lakh |
0.1% |
1% |
New
provision |
This provision shall be applicable to a person whose Turnover, Gross Receipts or Sales exceeds Rs. 10 crore.