TCS ON TIMBER SALE
This query is : Resolved
07 April 2020
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
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
07 April 2020
No... TCS will be collect full value of invoice. TCS will be collect if invoice prepared as Basic + Freight + GST...
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11 April 2020
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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