Tcs

This query is : Resolved

Rani Jain (Querist)
Follow

19 May 2016 Hello SIr,

If my amount of goods sold is Rs. 180000 and VAT charged on it of Rs. 21000 i.e. Invoice amount Rs. 201000/- and collected Rs. 1000 in cash then whether liability to collect TCS arises and if yes on what amount; please qote answer with section.

Thanks

Rupesh Jain

Rupesh Jain (Expert)
Follow

19 May 2016 you are sell the scrap or for detail item you can see below
www.incometaxindia.gov.in/_layouts/15/dit/pages/viewer.aspx?grp=act...
and collect the TCs on invoice value= basic+ excise duty+VAt= amount X tcs rate as per act

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

SHUBHANGI GOEL

Hemkumar

Vinod Patil

CA Varun Gupta

Mahesh Balanthimugaru

Subscribe Now

Tcs

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

Accountant

GST CONSULTANCY

GST CONSULTANT

CA Final