TCS ON SCRAP SALE
This query is : Resolved
02 January 2010
Dear Sir,
If a liquor co. sales its broken glass bottles scrap to a roadside scrap dealer than tcs is to be collected or not.
I think not to collect.
Please guide.
If a liquor co. sales its broken glass bottles scrap to a roadside scrap dealer than tcs is to be collected or not.
I think not to collect.
Please guide.
02 January 2010
In my opinion, glass bottles are packing material and waste or scrap of theres material is not come under the defination of scrap as per sec. 206C. Hence your thinking is correct.
02 January 2010
In my opinion, glass bottles are packing material and waste or scrap of theres material is not come under the defination of scrap as per sec. 206C. Hence your thinking is correct.
02 January 2010
Yes, You and Vijay both are correct on non collecton of Tax. Selliing broken glass as scrape are not from the manufacturing activities and hence scrape arising from packing materials are not covered under TCS
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Applicability
- Is Aadhar PAN linking required for opening bank account?
- Where to show the RCM on Rent paid to unregistered landlord
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- TDS NUMBER SURRENDER
- Offsetting interest income against derivative trading losses
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Application of 115BAC
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- RCM - commercial rent paid to URP under GST
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
