I'm working for a manufacturing company and during manufacturing process there has been some waste being generated and we sale them as scrap here are the details below:
We are selling some waste elastic cut pieces generated from manufacturing of Elastic (it is an apparel used for Inner wears). also we are selling some waste Plastic drums(stores chemiclas),waste polythene covers(carry bags of elastic.
Kindly advice me whether TCS is applicable on these Items. If applicable please let me know the % of TCS applicable.