taxes on sale of scrap steel

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prasad mullapudi (Querist)
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05 April 2011 My company selling scrap steel, Please tell what taxes we have to pay for the same.

thanks in advance

CA Navin Jain (Expert)
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05 April 2011 excise duty, vat and tds would be applicable on sale of scrap

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prasad mullapudi (Querist)
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05 April 2011 sir, explain the rate of ED,VAT and TDS on sale of steel scrap

CA Navin Jain (Expert)
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05 April 2011 not tds, TCS @1 %,

CA Navin Jain (Expert)
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05 April 2011 ED AND VAT RATE WILL BE APPLICABLE AS RATE APPLICABLE ON FINISH PRODUCT

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