Tcs on sale of motor vehicles
This query is : Resolved
08 June 2016
Dear sir please clarify , sale of motor vehicle more than 2 Lakhs and less than 10 Lakhs sale invoice value received through cheque neft and finance - no cash consideration. but if customer paid cash for road tax , insurance and accessories , what is the TCS tax liability ? is there any applicability for other consideration also that other considerations even less than 2 lakhs.
Rupesh Jain
(Expert)
08 June 2016
in my opinion tcs will not applicable its not the part of car cost invoice.
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