Tcs / tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2013 TCS charged by supplier supply firewood to us. We use firewood for manufacturing spice.

can we claim TCS as advance income tax.

what is the tax treatment of TCS. is it our expenses or advance income tax

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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24 July 2013 tcs and adv tax are 2 diff concept in income tax. u cannot claim tcs as adv tax.

Querist : Anonymous

Querist : Anonymous (Querist)

17 April 2014 we supply goods to our different distributors through one,two or three transporters .they charge freight less then Rs.750.00 per consignment and raise bill on monthly basis which is may be more than Rs.10000.

we would like to know that whether we are liable to deposit service tax or it will be exempt as each consignment is not more than Rs. 750.

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