t.c.s. is applicable

This query is : Resolved

sandip bhogayta (Querist)
Follow

29 April 2009 our main product is pig iron and skull also we are generating many type of auxelry like chips, goli etc and our by product is granulated slag and ungranulated slag.

mention here with product description for your reference :

Pig iron : Primary form of iron (CI) manufacturing by using iron ore and other fluxes with lam coke
Skull : Subsequent material of iron generating during pouring of liquidmetal in to the pig casing machine
Auxiliary : Generating from stock yard by magnetic separation and screening
Slag : Remaining material after recovered iron contain from raw materials

we would like to get opinion form you that theTCS collection is applicable for sales of above products or not, if it is applicable then please provide us rate of collection as we can charged the same in our invoices.

Rajesh Kumar

Rajesh Kumar (Expert)
Follow

30 April 2009 Explanation (b) of Section 206C defines scrap. your product on the face of it does not respond to the definition of scrap, and hence prima facie TCS is not applicable. However, you are advised to get the issue examined professionally.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now