TCS applicable on MS scrap

23 October 2023

Hello

I want to start scrap trading business.. I have gst number . can I have to TCS number also for charge 1% TCS on scrap sale

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4 Replies

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 23 October 2023

Yes TCS applicable for scrap business.

Yes You want TAN number...

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Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 25 October 2023

TCS at the rate 1% has to be collected if you are the seller of scrap

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sabyasachi mukherjee (27579 Points)
Replied 26 October 2023

Raise invoice fir the same and include gst

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Eswar Reddy S (CFO- at NHTF) (58270 Points)
Replied 26 October 2023

There won't be TCS number. TAN number can be used for both TCS and Tds

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