Sales invoice

This query is : Resolved

ch.satyamnaidu (Querist)
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27 February 2019 Respected Experts,

Good evening

Please provide clarification.

We are dealers of supply of coal .we rise invoice like this.

1.Basic value =1000
GST5% =50
CESS = 400
SubTOTAL =1450
TCS as IT act 1% =15
Total invoice value =1465

Some other people says like below
2..Basic value =1000
TCS as IT act 1% =10
GST5% on 1010 =51
CESS = 400

Total invoice value =1461

Which is correct 1 or 2 ?? Or any other please suggest me
plzzzz

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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27 February 2019 TCS to be deducted on Gross value of invoice

ch.satyamnaidu

ch.satyamnaidu (Querist)
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28 February 2019 please explain by giving example .
plzzzzzzzzzzzzzzzzzzzzzz

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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23 July 2025 https://docs.google.com/document/d/1pUpVQlPmqZxlqv9Sqaq8Jf96twZy80MNtuqTcsMvy54/edit?usp=sharing

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