banner_ad

Tcs on sale of scrap(old gunny bags)

This query is : Resolved 
Profile Image

Profile Image

(Querist)
27 November 2014 Dear all established professionals,
please help me out
the company is in liqour manufacturing industry and it has old gunny bags left which it sells as scrap, now whether TCS should be collected on such transaction and whether old gunny bags comes in definition of scrap under it act 1961.
thank you
Profile Image

CA Kumar Mukesh

Profile Image

CA Kumar Mukesh (Expert)
27 November 2014
Please Consider that TCS is collected on Manufacturing Scrap Only.

The word "Manufacturing" have importance in TCS, if scrap is produced after manufacturing process TCS will be applicable otherwise NOT

In your present case it seems that it is packing material comes with raw material or other material, in that case TCS will not be applicable
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
29 November 2014 tcs no applicable on gunny bags its applicable on the scrap generate during the manufacturing.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details