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TCS ON SCRAP

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accountant
36 Points Posted on 21 November 2020
i am an scrap dealer i have to
add Tcs on sale of scrap. on which amount should i add tcs either on value or total value(value +18%Gst)
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On 21 November 2020 at 19:21 Report
Replies (3)
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Accountant
3662 Points Posted on 21 November 2020
Only value.....
9 Reply
On 21 November 2020 at 19:35
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Student
23688 Points Posted on 21 November 2020
TCS shall be deducted only on the "Taxable Value" and not on the GST portion, as clarified by a Circular issued by CBDT.
97 Reply
On 21 November 2020 at 20:19
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96 Points Posted on 23 November 2020
TCS is applicable on whole amount.
1 Reply
On 23 November 2020 at 21:29


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