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Tcs - on coal

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 July 2012 Dear Sir,

Sir/Madam , is TCS applicable on the gorss amount ie (Price + Vat )+ 1%
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CA PRAVEEN SINGH

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CA PRAVEEN SINGH (Expert)
13 July 2012 SEE EXAMPLE:FOR EXP:-

TIMBER RS 50000.00
ADD:-TCS 2.5% 1250.00
----------
TOTAL 51250.00
ADD:-VAT 4% 2050.00
-----------
TOTAL 53300.00



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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
13 July 2012 TCS is to be collected on total bill amount inclusive of VAT.
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Querist : Anonymous

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Querist : Anonymous (Querist)
14 July 2012 Dear Sir,

Thanks for your reply,

in this scenario the vat payable being boosted.

else can it be like this

Bill (amt + Vat )+ TCS
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
14 July 2012 It will be like this only..Amount + Vat for TCS.
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