Rate

Payee (Seller)
(@ Actual Receipt) No TDS if
Section Nature of Payment (I/H if B T/O > 1 Cr. Payer (Buyer) NA Notes
No PAN/Aadhar - 5% Upto
P G/R > 50 L)
or 2(Rate)
Sale of
-Tendua Leaves 5% -If R buyer give declaration that goods purc. for mfr./ prodn of -Scrap means waste not usable as such
-Timber/Forest Produce 2.5% any article or generation of power (Case Law : By products of ship breaking
206C(1) Any Any -
-Alcohol for Human 1% -If buyer is Public Sector Co. (Govt. Co.) activities are usable as such, so its not
-Scrap 1% - If buyer buy for personal consumption scrap and hence no TCS)
-Minerals (Iron ore, Coal, Lignite) 1%
Licence/Lease/Tfr Rights in
-Parking Lot
-If buyer is Public Sector Co. (Govt. Co.)
206C(1C) -Toll Plaza Any Any 2% -
- If mine/Quarry of Mineral Oil/ Petrol/ Natural Gas
-Mine/Quarry
for business purpose
-See 10L limit per motor vehicle
-If buyer is Public Sector Co. (Govt. Co.) engaged in passenger -TCS only on retail sale {but wholesale
206C(1F) Sale of Motor Vehicle Any Any 1% 10L tpt. business maybe covered u/s 206C(1H)}
-Sale of vehicle at wholesale level -10L limit is including Luxury tax & GST but
excluding Road tax
Foreign Remittance of money under 7L * LRS out of educational loan (from
-If TDS under any sec
LRS (Liberalised Remittance Scheme) Authorised Dealer (TCS on Financial Institution)
5% -To Individual NR who's visiting India
206C(1G) of RBI Any Excess) -7L limit per dealer
0.5% (*) -Authorised dealer shall not collect TCS on any amt. wrt which
Sale of OTPP (Overseas Tour
Seller of OTPP - TCS has been collected by seller of OTPP
Program Package)
-If TDS/TCS under any sec
Any (except 50L
Any (except 0.1% -If buyer whole income exempt under I Tax
206C(1H) Sale of Goods > 50L in a PY exporter) if (TCS on -Related to 194Q
importer) 1% (No PAN) -Sale of fuel to NR airline co. at Indian airport
PY T/O > 10 Cr. Excess)
-If either payee/payer is NR
Note : If buyer is CG/SG/LA, Embassy, High Comm., Legation, Consulate, Trade Representation & Club, No TCS under any Section
(TCS always levy on amt inclusive of GST, unlike TDS which isn't levied on GST component)