If yes how much % should I Collect and TCS will be computed on Basic Value or Total Invoice Value.
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Do i have to collect tcs if i am selling scrap ?
Replies (4)
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
you required TCS number of Income Tax dept to collect TCS . Rate of TCS is 1% on scrap .
Should TCS value be mentioned in tax invoice ? If yes should I calculate GST inclusive of TCS
Should TCS Value be mentioned in Tax Invoice ?
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