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TCS CALCULATION

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(Querist)
21 July 2010 HOW TCS WILL BE CALCULATED : ON WHICH AMOUNT TCS TO BE CALCULATION INCASE OF SCRAP.


SCRAP SALES VALUE : 10000
EXCISE @ 10% : 1000
CESS & h CESS 3% : 300
TOTAL : 11300
VAT @ 4% : 452
TOTAL : 11752
TCS @ 1% : 117.52

IS THIS CORRECT?
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Akhil Agrawal

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Akhil Agrawal (Expert)
21 July 2010 Yes this is correct

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