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Former Member
Dec 19, 2013 at 06:17 AM

Reg:TCS amount calculation

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Dear All,

I raised one scrap sale for a material in this i got details as follows,

On Customer : 4500 /-

On Scrap sale: 4243.29 /-

VAT 5% : 212.16

TCS 1% : 44.55

Please tell me how the system calculates the TCS & VAT for the given total amount.

Regards,

Nageswara Rao.D