Write steps to calculate TCS ?
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- Answer:
- TCS to be collected on aggregate value taxable value supplies (Goods + Services) = Rs. ...
- TCS rate in GST = 1% (CGST 0.5% and SGST 0.5%)
- TCS to be computed on the net value of taxable supplies (see the formulae above)
- Net value in the given case would be Rs.
Explanation:
hope it helps...
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