TCS Applicability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 June 2011
Is TCS not applicable on sale of Scrape if VAT bill Made for the same?
OR
It requires to take declaration in Form 27C from resident buyer ?
OR
It requires to take declaration in Form 27C from resident buyer ?
22 June 2011
VAT on scrap does not affect TCS. It has to be collected whether VAT is charged or not. Further If Form 27C is provided no TCS needs to be collected.
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