Section 206C(1F) — the law in short
What the courts have decided on section 206C(1F), in one screen. Read this first; open an entry when you need the facts, the reasoning and the source.
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Statutory position — s.206C(1F): one per cent on a motor vehicle above ten lakh rupees, extended to other notified goods
CBDT Circulars & InstructionsCuts both ways
I sell cars. When must I collect one per cent under s.206C(1F), and does it now catch anything besides motor vehicles?
Sub-section (1F) requires every person being a seller who receives any amount as consideration for the sale of (i) a motor vehicle, or (ii) any other goods as may be specified by the Central Government by notification in the Official Gazette, of the value exceeding ten lakh rupees, to collect one per cent of the sale consideration from the buyer at the time of receipt of such amount. The second limb — 'any other goods, as may be specified by the Central Government by notification' — was brought in by Act No. 15 of 2024 with effect from 1 January 2025, as the section's own amendment footnote records.
Listed strongest first: Supreme Court, then High Court, then Tribunal, then CBDT. Nothing here has yet been read in full by a chartered accountant — open an entry to see where it came from.
