Tcs provision on scrap sale worth rs 4,00,000 by cash

Avinash Jeevan Dsouza (Assistant In Charge Accountant)   (3292 Points)

04 April 2018  

We are selling some alluminium and some metal items to a registered party under GST. He wants to pay it through cash. 

1. Do we need to deduct the TCS ?

2. Do we need to charge the GST?

3. What is the limit for TCS?

4. Rate of TCS?

5. HSN code for scrap sale?