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