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TCS should be collected on which amount
hiii frnds I acame through a difficult situation where I suggested my client to deduct TDS on amount of the invoice excluding GST amount.... They are asking that is there any particular section stating that TCS should be deducted on which amount????plzzzzzz help ASAP
Replies (3)
First of what is the exact transactions for above said way?
sale of scrap 250000+ 18% GST.now on which amount TCS should be collected i.e,on 250000 or 250000+GST.....?? pls suggest me.....as per it act.
TCS will be deductible on Total Invoice Value as Rs. 25000 + 4500 (GST) =29500
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