TCS On Scrap Sale
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 November 2010
Hi,
I am a trader. Some quantity of our material is not usable, So I should sold it as scrap.
My quarry is that Should I responsible for collection of TCS if the buyer is a trader ?
Thanks & regards
Umesh Gautam
I am a trader. Some quantity of our material is not usable, So I should sold it as scrap.
My quarry is that Should I responsible for collection of TCS if the buyer is a trader ?
Thanks & regards
Umesh Gautam
sudhakar ca cwa
(Expert)
29 November 2010
Yes
Ramasubbu K
(Expert)
29 November 2010
TCS provisions are applicable only to the manufacturer seller. In your case, you are a trader, hence TCS is not applicable.
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