education cess
This query is : Resolved
lohithakshan u k
(Querist)
03 August 2007
WHILE MAKING SALE OF SCRAP ITEMS/OLD USED ITEM WE HAVE BEED COLLECTING VAT AS WELL AS TCS. I HAVE A DOUBT WHETHER WE HAVE TO COLLECT EDUCATION CESS ON THIS BILL
Shyam Lal Naik
(Expert)
03 August 2007
You have to collect Ed. Cess on TCS as well, just like TDS.
lohithakshan u k
(Querist)
04 August 2007
IF WE ARE SELLING A USED PLANT AND MACHINERY I THINK WE ARE NOT LIABLE TO COLLECT TCS. IN THIS CASE I FEEL THAT ONLY VAT IS TO BE COLLECTED BUT NO EDUCATION CESS
Shyam Lal Naik
(Expert)
10 August 2007
Right. There is no Ed. Cess on VAT.
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