Dear Sir,
I have one query, my client steam coal trader, he was collect TCS 1% after collection of APVAT 5% on Invoice value. But the sales tax dept. says before vat you have collect the TCS 1%. How to solve the problem. kindly tell me tcs 1% collection before vat tax or after vat tax. kindly send me any case laws is there.
With Regards,
Ramesh
Sales tax consultant
Consultant Seeks Guidance on Correct Order of Collecting TCS and APVAT for Steam Coal Trader Transactions A sales tax consultant seeks clarification on the correct sequence of collecting Tax Collected at Source (TCS) and Andhra Pradesh Value Added Tax (APVAT) for a client who is a steam coal trader. The client currently collects TCS at 1% after applying APVAT at 5% on the invoice value. However, the sales tax department advises that TCS should be collected before APVAT. The consultant requests guidance on whether TCS should be collected before or after VAT, and asks for any relevant case laws to support the correct procedure. (AI Summary)
TaxTMI 
TaxTMI 
