Dear All,
i need a clarification about TCS on sale of vehicles, while sale of vehicle the consideration of sale value is exceeds 10,00,000/- TCS 1% has to collect from buyer other wise no need to collect.
now my question is we are proposed to sale 15 vehicles in single invoice each vehicle sale value is Rs.8,00,000/- and the total invoice sale value is Rs.1,20,00,000/- for 15 vehicles.
in this case now i want to know shall we collect TCS or not..?
Regards,
Ashok B
CAclubindia
