Tcs /gst on advance received from customer
Dip Narayan (Deputy Manager) (772 Points)
29 October 2017Dip Narayan (Deputy Manager) (772 Points)
29 October 2017
Mahesh Shaha
(303 Points)
Replied 29 October 2017
Total value recd is 10 Lakh gst is 5% 10 Lac divide by 1.05 =952380.95 and TCS on total amt received 10 lac * 1% is Rs 10000
vikysheoran
(abc)
(3 Points)
Replied 25 July 2018
10L = 1.01
So 10,00,000/1.01, = 990099
990099/1.05= 942951.44
Sale = 942951.44
I/S/C GST 47147.56
TCS 9901.00