When a seller sells an article on which he is collecting TCS from the buyer, then on which value VAT is to be charged - On Gross value (incl. TCS) or Net Value, i.e., after deducting TCS...??? pLZ help..
VAT - Sales Value on which VAT to be charged
CA Pratik Sirwani (Chartered Accountant) (127 Points)
30 November 2010
CAclubindia
