on which amt TCS would be calculated


This query is : Resolved 

28 August 2010 what will be the selling price while calculating tcs on sale of scrap?

sales 400000
+ VAT 4% 16000
416000
OR
sale price without vat which is Rs.400000?

on which amt tcs should be deducted?
400000 OR 416000

29 August 2010 While calculating TCS. Selling price is Rs.416000


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