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Fasteners metal scrap

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 June 2016 Dear Sir,

pls provide the details for metals scrap invoices to sent the supplier and also provide the which rules is applicable.

regs

Pani
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Rupesh Jain

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Rupesh Jain (Expert)
27 June 2016 metal scrap is invoice under the vat act and also the income tax act if your scrap generate during the manufacturing process then you have to charge TCS @1% on the total value after the VAT.

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