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Tcs will be applicable or not

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 April 2013 We are manufacturer of Glasses, a lot of waste or scrap should be made during this work, TCS will be applicable or not?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
06 April 2013 TCS is applicable on scrap generated during manufacturing. Since your primary activity is manufacturing, any sale of scrap generated from such activity will attract TCS.
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Querist : Anonymous

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Querist : Anonymous (Querist)
10 April 2013 Dear Sir,
I want to know tcs will be applicable on Scrap of Glass or Not.
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
16 April 2013 Yes TCS will be applicable on scrap of glass.
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Querist : Anonymous

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Querist : Anonymous (Querist)
16 April 2013 Thanks a lot sir.....
sir one question more....... what is the limit for deduction of tcs
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Rupesh Jain

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Rupesh Jain (Expert)
20 June 2013 R/SIR
TCS WILL APPLICABLE ON ALL SALE
BUT IF YOU SELL TO MANUFATURER THEN IF SUBMIT 27c FORM
THEN NO tcs ON SALE TO HIM

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