Regarding tcs
This query is : Resolved
28 March 2019
we are comes under SEZ and we need to sale a scrap(unpacked carton boxes, paper waste,old newspapers & Unused Plastic carton). Do we need to deduct Tcs @ 1% to the customer.
kindly suggest pls..
kindly suggest pls..
CA R SEETHARAMAN
(Expert)
28 March 2019
This will not fall under scrap so TCS not applicable.
Scrap” means waste and scrap from the manufacture or mechanical working of materials which is definitely not usable as such because of breakage, cutting up, wear and other reasons.
Scrap” means waste and scrap from the manufacture or mechanical working of materials which is definitely not usable as such because of breakage, cutting up, wear and other reasons.
28 March 2019
Thank you sir..
one more query regarding TCS, like TDS any thereshold limit is there for TCS ?
one more query regarding TCS, like TDS any thereshold limit is there for TCS ?
CA R SEETHARAMAN
(Expert)
29 March 2019
There is no threshold limit for TCS like you have in TDS.
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