Section 206C(1F) - TCS on Sale of Motor Vehicle/Luxury Goods

# Section 206C(1F) - TCS on Motor Vehicle/Luxury Goods

## Scope

TCS @ 1% on sale consideration when seller sells:

• A motor vehicle, OR
• Other notified luxury goods

of value exceeding ₹10 lakhs, from the buyer.

(No adjustment for GST is required — take sale consideration only.)

## Key Notes

• Not applicable when manufacturer sells cars to dealers. Only applicable on retail sale.
• Limit of ₹10 lakhs is checked at each purchase, NOT on aggregate sale during PY.

## List of Notified Luxury Goods

• Wristwatch
• Art pieces (antiques, paintings, sculptures)
• Collectibles (coins, stamps)
• Yacht, rowing boat, canoe, helicopter
• Sunglasses
• Bags (handbag, purse)
• Shoes
• Sportswear and sports equipment (golf kit, ski-wear)
• Home theatre system
• Horses used for horse racing in race clubs or polo