TCS collected vs TCS deposited, difference computed — the working paper documenting Section 206C(1H) compliance for a seller with turnover above the prescribed threshold.
Seller: ___ · PAN: ___ · Previous year ended: ___ · Assessment Year: ___
Applicability: Section 206C(1H) applies to a seller whose total sales, gross receipts or turnover from business exceeded ₹10 crore in the immediately preceding financial year, on receipt of consideration for sale of goods from a buyer exceeding ₹50 lakh in the current year (verify these thresholds are still current before relying on them), subject to specified exclusions (e.g. goods already covered by TCS under other sub-sections, exports, and goods on which the buyer is liable to deduct TDS under any provision and has done so).
Any positive difference should be investigated for a deposit timing gap (verify against the challan/TCS return) versus a genuine shortfall requiring correction and payment of interest under Section 206C(7).
This template follows the format published by the Institute of Chartered Accountants of India (ICAI) in the AASB Audit Working Paper Templates (June 2023), the authoritative reference for Indian statutory-audit documentation. Fill in your firm’s letterhead and the engagement details on the form above, click Download Word file, and you’ll get a fully formatted .docx ready to use.
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