Regarding tcs

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chinraj (Querist)
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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..

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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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.

chinraj

chinraj (Querist)
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28 March 2019 Thank you sir..

one more query regarding TCS, like TDS any thereshold limit is there for TCS ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 March 2019 There is no threshold limit for TCS like you have in TDS.

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