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Tcs

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 July 2012 TCS will collect on every scrap of sale?&it's only for manufacturing company or for all ?
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CA. Sunil Kumar

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CA. Sunil Kumar (Expert)
17 July 2012 Scrap has been defined as "waste and scrap from manufacture or mechanical working of material which is definitely not usable as such because of breakage, cutting up, wear and other reason".

Thus
1. waste or scrap arising from packing material, newspapers, old machinery scrapped etc., which cannot be said to arise from manufacture are not covered by the definition, or
2. by-products generated from the manufacturing process are not covered, as the same could be used as such
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Querist : Anonymous

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Querist : Anonymous (Querist)
18 July 2012 hi,
Sunil sir,
thanx....
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