Shakir Ravjani (Student) (192 Points)
09 August 2018
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 09 August 2018
Sale Price Rs . 100
GST 18% - Rs 18
Total Rs 118....
TCS will be collect @ 1% - Rs. 1.18
Total amunt Recevable Rs. 119.18
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 09 August 2018
| Originally posted by : Shakir Ravjani | ||
 |
Isn't it cascading effect? |  |
TCS will be collect on Total Invoice value with Tax Values...
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 09 August 2018
| Originally posted by : Shakir Ravjani | ||
|
Sales price 100₹ TCS 1% GST 18%
How much collect from customer?
Sales price 100₹ TCS 1% Excise 18% How much collect from customer? - Here only Excise value not with VAT Value...? - You will add VAT value and will collect TCS on Total value of Invoice... |
|
Vaishali B Palande
(senior acountant)
(223 Points)
Replied 09 August 2018
CAclubindia
