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TCS On Scrap Sale

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 November 2010 Hi,

I am a trader. Some quantity of our material is not usable, So I should sold it as scrap.

My quarry is that Should I responsible for collection of TCS if the buyer is a trader ?

Thanks & regards

Umesh Gautam
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sudhakar ca cwa

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sudhakar ca cwa (Expert)
29 November 2010 Yes
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Ramasubbu K

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Ramasubbu K (Expert)
29 November 2010 TCS provisions are applicable only to the manufacturer seller. In your case, you are a trader, hence TCS is not applicable.
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