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TCS U/s 206C(1H)

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(Querist)
22 December 2020 Dear Madam/Sir

Whether sale of scrap (like TMT Scrap, Structural Steel Scrap, Cement Bag Scrap etc.) in construction sector attract TCS U/s 206C(1H) ?

Regards,
Dilip Baranwal
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
22 December 2020 If TCS already deducted under scraps sale TCS under the section not applicable.
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DILIP KUMAR BARANWAL

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DILIP KUMAR BARANWAL (Querist)
22 December 2020 TCS were not deducted in earlier as scrap were created in civil work and not from manufacturing or mechanical work. Now as scrap generate in civil contract work, whether TCS will be applicable U/s 206C(1H) effective from 01.10.20. (Sales already exceed Rs.80 lakh and Payment received were more then 50 Lakh during F.Y. 2020-21)
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
22 December 2020 In such a case TCS applicable under section 206C(1H).
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DILIP KUMAR BARANWAL

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DILIP KUMAR BARANWAL (Querist)
22 December 2020 Thank you so much sir
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