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TCS on discount received on purchase of new car.
We have purchased a new car and received a discount on ex-showroom price. Car vendor raised invoice and applied TCS on discounted value. But after that he raised additional Debit Note for TCS on discounted value. Our question is whether the debit note is acceptable or not.
Replies (3)
Quick Summary
Yes debit note can be accepted
TCS on discount amount is applicable?
No TCS on discount is not applicable
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