<s>[INST] Who is responsible for collecting tax under section 206C(1H)? [/INST] The tax shall be collected by the seller who receives any amount as consideration exceeding Rs. 50 lakh for the sale of any goods, only if his total sales, gross receipts, or turnover from the business exceeds Rs. 10 crores during the financial year immediately preceding the financial year in which such goods are sold. </s>