Tcs on sale of vehicles
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 April 2018
Dear Sir,
Is TCS to be collected on Sale Consideration Includes GST.
i.e., on Invoice Amount.
Thanks & Regards
Is TCS to be collected on Sale Consideration Includes GST.
i.e., on Invoice Amount.
Thanks & Regards
Expert : Anonymous
Expert :
Anonymous
(Expert)
26 April 2018
Yes... Including GST.
26 April 2018
TCS should be made on gross value of purchases (inclusive of GST). the reason
being it is due on the amount payable by the buyer as stated in the act and not on
purchase cost.
being it is due on the amount payable by the buyer as stated in the act and not on
purchase cost.
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