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TCS ON TIMBER SALE

This query is : Resolved 

Dear sir

TCS to be collected on sale value of Timber or Sale value+ GST or Sale vlaue+gst+freight (in case of supply to be made FOR).

In my opinion TCS to be charged on Sale Value only. Kindly clarify,

Thanks



No... TCS will be collect full value of invoice. TCS will be collect if invoice prepared as Basic + Freight + GST...

The TCS to be collected as %age of amount received or receivable and therefore it has to on Gross amount only.


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