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

sagar (Expert)
29 August 2010 While calculating TCS. Selling price is Rs.416000


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