If yes how much % should I Collect and TCS will be computed on Basic Value or Total Invoice Value.
4 Replies
Rahul Lodaya
(Student)
(45 Points)
Replied 28 October 2018
TCS should be collected on scrap sales.
you have to collect 1% of the basic sale amount EXCLUDING GST portion
you have to collect 1% of the basic sale amount EXCLUDING GST portion
prasad Nilugal
(3924 Points)
Replied 28 October 2018
you required TCS number of Income Tax dept to collect TCS . Rate of TCS is 1% on scrap .
shrenik NAHAR
(23 Points)
Replied 28 October 2018
Should TCS value be mentioned in tax invoice ? If yes should I calculate GST inclusive of TCS
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