Applicability of tcs
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 March 2013
Hello dears, I have a small query regarding TCS.
Will TCS is required to collect on sale of Ship as scrap. Reply me fast.
Will TCS is required to collect on sale of Ship as scrap. Reply me fast.
01 March 2013
TCS is to be collected on scrap., It would include only such waste or scrap which arises from manufacture or mechanical working of materials. Further, such waste should not be usable as such. Accordingly, it would not include any waste or scrap which does not arise from manufacture or from mechanical workings of materials hence i think no TCS will be required to be collected.
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 March 2013
Thank you sir.
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