TCS on Scrap
This query is : Resolved
07 August 2008
TCS is applicable on scrap generated through manufacturing activities. If a trader purchases scrap from Manufacturer/ Trader and sales the scrap to another traders or manufacturer, Whether TCS is applicable ? (as he is not the manufacturer of scrap)
07 August 2008
For the trader it is not applicable when he sells to another trader.
07 August 2008
Sir, Thanks for giving valuable guidance.
What will be the situation if scrap is sold by trader to a manufacturer?
What will be the situation if scrap is sold by trader to a manufacturer?
19 June 2023
TCS not applicable.
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