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Tcs applicable for resale of scrape

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(Querist)
20 December 2014 Sir,
I have query for tcs is applicable for resale of scrape and resale of wood under section 206 give me the answer and also give me example
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CA Kumar Mukesh

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CA Kumar Mukesh (Expert)
21 December 2014 TDS on scrap is applicable in manufacturing scrap only under section 206C. In your case wood is not manufacturing scarp therefore no TCS will applicable if it is not comes as result of Manufacturing process
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Rupesh Jain

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Rupesh Jain (Expert)
22 December 2014 tcs applicable on the mfg. if it trading then no tcs applicable.




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