Poonawalla fincorps
Poonawalla fincorps

TCS collection

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 September 2010 My company sales scrap and collect TCS on amount= Net price + VAT. So TCS is collected on amount including VAT so is this a right method?
I think that is should be collected on net price. Please clarify.

Please reply urgently.
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Ram Avtar Singh

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Ram Avtar Singh (Expert)
05 September 2010 TCS to be collect on Gross amount of Bill.

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