Please Help: Taxation
Posted Date : 23-Aug-2012 , 03:33:41 pm | Posted By Kuldip Kumar
If a seller sell scrap & add TCS in his bill amount deposit it in bank but after 20 days he realise TCS is charged by him is on basic price not on basic+vat. so he collect less tax. what will be the solution. How much penality to deposit in bank.?
Category : Excise | Answers : 1 | Comments : 1 | Hits : 274
Answers
Answer By: CA Satuti Mahajan
Just deposit extra TCS.
Comments
Nikhil
17-Oct-2012 , 03:58:51 pmno Penalty..you have to deposit the Diffrence Amount in bank