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TCS ON TIMBER SALE

This query is : Resolved 
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(Querist)
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

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RAJA P M

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RAJA P M (Expert)
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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CA Suresh Jain

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CA Suresh Jain (Expert)
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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