how to collect TCS from 01-10-2020 under section 206C (1H)

As per my understanding from various videos on YouTube about TCS

News:- TCS on business turnover greater than 10 Crore from 01-oct-2020

206C (1H)

 

If you are a Goods Seller

 {

If turnover in previous years or in current year > 10 Crore

{

   You have to collect tcs from certain buyers (except government, embassy, high commission, importers etc.)

    {

                If received >50Lakh from single party (from 01-04-2020 to 30-09-2020) as advance or against goods sold any f.y.

                {

                                Not required to collect TCS from that buyer

                }

                If received any amount above 50 Lakh after 30-09-2020 to 31-03-21 advance or against goods sold (bill amount)

                {

                       Collect TCS on that excess amount at the time of receipt of amount only from that party

PAN / AADHAAR furnished	Up to 31st March 2021
YES	0.075%
NO	0.75%

 

                }

                For further f.y from 21-22 to further

                Over 50 lakh received in a f.y. as advance or against goods sold of any f.y.

                {

                                Collect tcs on that excess amount only when received amount only from that party

                               

PAN / AADHAAR furnished	From 1st April 2021
YES	0.1%
NO	1%

 

                }

                If received less than 50 lakh in a f.y. as advance or against goods sold of any f.y.

                {

                                Not required to collect tcs

                }

                 

    }

        }

}