Tcs
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 August 2011
dear all
our company is in the business of restaurant having liquor licenses. the supplier of liquor collected TCS in the bill .
Pls let me know where we can claim this TCS ( in VAT/ Service Tax or Income Tax while filing the return)
our company is in the business of restaurant having liquor licenses. the supplier of liquor collected TCS in the bill .
Pls let me know where we can claim this TCS ( in VAT/ Service Tax or Income Tax while filing the return)
Preety Parik
(Expert)
03 August 2011
TCS is akin to TDS provisions of Income Tax. Credit of TCS amount paid can be claimed from Income TAx liability. Ask for TCS certificate from the suppier.
TCS is akin to TDS provisions of Income Tax. Credit of TCS amount paid can be claimed from Income TAx liability. Ask for TCS certificate from the suppier.
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