26 July 2009
yes, you need to charged the TCS also. scrap means waste and scrap from the manufacture or mechanical working of materials which is definitely not usable as such because of breakage, cutting up, wear and other reasons. If this scrap sold to buyer as define u/s 206C of the chapter XVIIB.
Now in you case you are reselling the scrap. Section 206C says "scrap means waste and scrap from the manufacture or mechanical working of materials which is definitely not usable as such because of breakage, cutting up, wear and other reasons" it means if you are manufacturer then this section applies to you.
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