Regarding TCS
This query is : Resolved
22 April 2025
TCS ON SCRAP ON WHICH VALUE? INCLUSIVE GST OR EXCLUSIVE GST?
22 April 2025
The applicable TCS rate is 1%
TCS Calculation Base:
TCS is deducted on the total invoice value, which includes:
Selling price of scrap + GST (if applicable).
No exclusion of GST while calculating TCS.
TCS Calculation Base:
TCS is deducted on the total invoice value, which includes:
Selling price of scrap + GST (if applicable).
No exclusion of GST while calculating TCS.
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