TCS on scrap
This query is : Resolved
Quick Summary
29 September 2020
Dear Sir,
We are Manufacturers and scrap generated will be sent to our supplier,who is also manufacturer. Can we charge TCS on this scrap sales? if yes, at what rate we will charge?? Pls clarify.
Thanking you
We are Manufacturers and scrap generated will be sent to our supplier,who is also manufacturer. Can we charge TCS on this scrap sales? if yes, at what rate we will charge?? Pls clarify.
Thanking you
29 September 2020
Yes charge 1% TCS on scrap sales.
30 September 2020
Thank you sir for your rply
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Multiple payment of self assessment tax for A Y 2025-2026
- CAPITAL GAIN REDEVELOPED FLAT
- Requirement under FEMA &RBI
- REGARDING ITR FILING QUESTION
- CLOSING STOCK QUERY
- Short Term Gain Reporting ITR
- U/S 194 T
- 44AD, 44ADA business details
- Old Traces Portal
- WHERE I SHOW GST 0% INVOICE IN GSTR1 (EITHER TABLE 7 OR TABLE 8)
- Computation of Dividend
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
