1% tcs on sale of goods above 200000 in cash

Dear pawan Khandelwal,

As first of all for all luxuary car TCS is to be collected if the "PRICE" of the car exceeds rs.10Lac.

Since the provision clearly says "PRICE OF THE CAR" so TCS is to be collected on the priced value of car not on invoiced value of car.

The Sale Consideration is not defined, but in general, the sale consideration means the total invoice value in which the VAT is included.

The optional categories shall not to be included in the price of the car, if the dealor is additionaly purchased the TAPE or RADIO and providing additionally accessories to the customer then only VAT comes in force.

further, if the manufacturing company(maruti,mahindra etc.) sololy giving all the extra parts to the dealor which is to attached with car then TCS is applicable on Such full value.

Hope u understood clearly,what i am saying.

if you purchased a car of = or > Rs 10.00 lac than tcs will be aplicable on the whole amount of invoice.

Can such TCS be claimed as income tax refund while filing the return?