related to tcs on forest produce
This query is : Open
03 December 2010
According to sec.206c tcs should be collected on forest produce. my query is on subsequent sale whether tcs should be collected or not as on the first sale while purchasing wood for government tcs is collected by govt. but after purchasing when they are resold that should be considered as trading asset according to my view.
so please advice me on the above related matter.
thanks in advance.
so please advice me on the above related matter.
thanks in advance.
03 December 2010
A buyer in the retail sale of such goods purchased by him for personal consumption , will not be treated as buyer for TCS.
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