TCS on Scrap
This query is : Resolved
07 August 2008
TCS is applicable on scrap generated through manufacturing activities. If a trader purchases scrap from Manufacturer/ Trader and sales the scrap to another traders or manufacturer, Whether TCS is applicable ? (as he is not the manufacturer of scrap)
07 August 2008
For the trader it is not applicable when he sells to another trader.
07 August 2008
Sir, Thanks for giving valuable guidance.
What will be the situation if scrap is sold by trader to a manufacturer?
What will be the situation if scrap is sold by trader to a manufacturer?
19 June 2023
TCS not applicable.
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
- SEC 54 OF IT ACT
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Form 26QB for TDS on property
- Legal heir raised refund , but refund issued to the closed account of deceased.
- TDS NUMBER SURRENDER
- Whether still royalty
- RCM - commercial rent paid to URP under GST
- DTCP approval
- Regarding Form 15CA & CB
- 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.
- Regarding einvoice taken on nil rated sales
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
