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tcs on scrap

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(Querist)
15 February 2011 if a trader(iron & steel) sale scrap to another trader it is necessary to collect tcs on such sale? when the trader(iron & steel) purchae scrap from the manufacturer the manufacturer collect tcs on such scrap.
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CA Parag G Bhuptani

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CA Parag G Bhuptani (Expert)
15 February 2011 Yes it it necessary to collect TCS.

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