Tcs - on coal

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

13 July 2012 Dear Sir,

Sir/Madam , is TCS applicable on the gorss amount ie (Price + Vat )+ 1%

CA PRAVEEN SINGH (Expert)
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13 July 2012 SEE EXAMPLE:FOR EXP:-

TIMBER RS 50000.00
ADD:-TCS 2.5% 1250.00
----------
TOTAL 51250.00
ADD:-VAT 4% 2050.00
-----------
TOTAL 53300.00

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CA CS Amit S. Kedia (Expert)
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13 July 2012 TCS is to be collected on total bill amount inclusive of VAT.

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Querist : Anonymous

Querist : Anonymous (Querist)

14 July 2012 Dear Sir,

Thanks for your reply,

in this scenario the vat payable being boosted.

else can it be like this

Bill (amt + Vat )+ TCS

CA CS Amit S. Kedia (Expert)
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14 July 2012 It will be like this only..Amount + Vat for TCS.

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