TCS @1% ON ROUNDING OFF AMOUNT, Income Tax

[PRUTHVI NARAYAN]

Hello sir/madam

1. We are buying IML from KSBCL, Karnataka and Retail sellers in Karnataka.

KSBCL is rounding off (AROED per unit) while fixing MRP. But KSBCL is not charging 1% TCS on AROED amount and the AROED amount is showing separately in the invoice.

Now, our question is whether the invoice raised by them excluding TCS on AROED amount is correct or not. Will it affect us at a later stage?

regards

PRUTHVI NARAYAN