Jul 05, 2024
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How can actual suppliers claim credit of this TCS?
The amount of TCS deposited by the operator with the appropriate government will be reflected in the cash ledger of the actual registered supplier (on whose account such collection has been made) on the basis of the statement filed by the operator. The same can be used at the time of discharge of tax liability in respect of the supplies by the actual supplier.
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appropriategovernmentsupplierstcsdepositedliabilityreflectedcreditcash-ledgeroperator