TCS IS APPLICABLE FOR TRUST

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  1. knp

    knp New Member

    sir,

    The new TCS with effect from 1.6.16 on purchase of vehicle (Bus) more than Rs.10 Lacs is applicable for Trust registered under section 12 A .Please clarifty.
     
  2. ZED

    ZED Well-Known Member

    Yes, trust is also liable to pay TCS.

    Government, institutions notified under United Nations ( Privileges and Immunities) Act 1947, and Embassies, Consulates, High Commission, Legation, Commission and trade representation of a foreign State shall not be liable to levy of TCS at the rate of 1 % under sub-section (1 D) and (I F) of section 206 C of the Act.
     
    Last edited: Jun 30, 2016
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