Tcs collection

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 September 2014 Hello All,


I have work with one small organisation. they are manufacturer of storage tanks. Now we done one trading activity, in that we purchase a scrap tanks & sell to other directly. This property are bankrupt property. we purchased it from one auctioneer.and sales to our clients.

So my question is shall in above case TCS is applicable. or whom should libel for same.

Thanks & Regards

+91-9850829528

05 September 2014 yes u/s 206C is applicable in this case

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 September 2014 Dear Sir,

Thanks for reply. But its a trading activity. so need to collect for buyer and deposit to Government.


05 September 2014 yes as mentioned in section 206C u need to follow

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 September 2014 Ok Thanks. for reply

05 September 2014 you are welcomr friend.....................

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Querist : Anonymous

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Querist : Anonymous (Querist)
05 September 2014 Pls any other reply. please mentioned

05 September 2014 In the given case you are not required to collect TCS since you are trading in scrap. TCS required to be collected on sale of scrap if the scrap was generated out of a manufacturing activity.


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