TCS Applicability on Sale of Old Car

Say, A company wanted to sale it's old car for the value of Rs. 15 lakh which includes GST of Rs. 2 lakh.
Queries:
1. whether TCS is applicable on sale of old car?
2. Whether the TCS is applicable on 13 laks or 15 lakh?
3. Whether TCS is applicable even if company sale this to an individual?
Replies (2)
Quick Summary
This discussion clarifies the applicability of Tax Collected at Source (TCS) when a company sells an old car. TCS is indeed applicable on the sale of a company's old vehicle. The TCS is calculated on the total sale value, including GST, meaning it applies to the full Rs. 15 lakh in this scenario. Furthermore, TCS is applicable regardless of whether the car is sold to another business or an individual buyer.

1. tcs will be applicable
2. on 15 lacs
3. yes
TCS will be applicable.

On 15 Lakhs rupees TCS will be applicable.

Yes then also applicable

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