Tas collected as source

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 December 2012 we are manufacturing co. for manufactuing purpose we are buing some raw materials through gunny bags,after that we sales the gunny bags by cash, will u plese advice me that shall we charge TCS 1% on the same sale.pl. advice.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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05 December 2012 The gunny bags are scrap for you. However, it is NOT a result of manufacturing process. Accordingly, there is no requirement to collect TCS.

Querist : Anonymous

Querist : Anonymous (Querist)

05 December 2012 Thank you ,

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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05 December 2012 You are welcome. You should use the thanks button to convey your thanks.

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