16 January 2012
Good Morning Experts, can u tell me this that if we sale some scrape( b grade lamp) than sir when i raised the bill to party than willl i add vat or deducted tcs . plz clear. sir
16 January 2012
Vat is applicable on sale of Scrap at rate applicable in your state. then you wil get the gross amount. in that gross amount you will add TCS @ 1% and total will be recovered from buyer.