tcs on scrap
This query is : Resolved
asim kanrar
(Querist)
15 February 2011
if a trader(iron & steel) sale scrap to another trader it is necessary to collect tcs on such sale? when the trader(iron & steel) purchae scrap from the manufacturer the manufacturer collect tcs on such scrap.
CA Parag G Bhuptani
(Expert)
15 February 2011
Yes it it necessary to collect TCS.
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