I want to know whether TCS is required to be collected on sale of oil cake of ground nut seeds by an oil mill? Will it be trated as sales of scrap or not?
Thanks
1 Replies
Anumanchipalli Sathikonda
(Tax Consultant)
(1559 Points)
Replied 13 July 2009
Mr.Krutesh Patel
Cake derived while crushing is a by-product. It is not a scrap. The cake can be used a fodder to the animal. If it is the cake derived from crushing gingelly, the cake is used also used for human consumption in south India.
Best Wishes
Sathikonda
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