Do i have to collect tcs if i am selling scrap ?

28 October 2018

If yes how much % should I Collect and TCS will be computed on Basic Value or Total Invoice Value.

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4 Replies

Rahul Lodaya (Student) (45 Points)
Replied 28 October 2018

TCS should be collected on scrap sales.

you have to collect 1% of the basic sale amount EXCLUDING GST portion

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prasad Nilugal (3914 Points)
Replied 28 October 2018

you required TCS number of Income Tax dept to collect TCS . Rate of TCS is 1% on scrap .

shrenik NAHAR (23 Points)
Replied 28 October 2018

Should TCS value be mentioned in tax invoice ? If yes should I calculate GST inclusive of TCS

shrenik NAHAR (23 Points)
Replied 24 January 2019

Should TCS Value be mentioned in Tax Invoice ?

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