New Delhi, Jan. 7 -- Can you get a refund on TCS (Tax Collection at Source) on the car that you had purchased? TCS is levied if the sale value of the motor vehicle exceeds Rs.10 lakh. The government levies a 1% TCS on the sale value (including GST) of the vehicle. But you can claim a refund for the entire TCS subject to certain conditions. Here is a guide on who is eligible for a TCS refund and how to claim it.

TCS is an additional amount collected as tax by a seller of specified goods from the buyer at the time of sale that is over and above the sale amount and is remitted to the government account. As per the Income Tax (IT) Act, 1961, certain persons, 'being the sellers,' must collect a specified percentage of tax at the time of recei...