Tcs will be applicable or not

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 April 2013 We are manufacturer of Glasses, a lot of waste or scrap should be made during this work, TCS will be applicable or not?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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06 April 2013 TCS is applicable on scrap generated during manufacturing. Since your primary activity is manufacturing, any sale of scrap generated from such activity will attract TCS.

Querist : Anonymous

Querist : Anonymous (Querist)

10 April 2013 Dear Sir,
I want to know tcs will be applicable on Scrap of Glass or Not.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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16 April 2013 Yes TCS will be applicable on scrap of glass.

Querist : Anonymous

Querist : Anonymous (Querist)

16 April 2013 Thanks a lot sir.....
sir one question more....... what is the limit for deduction of tcs

Rupesh Jain

Rupesh Jain (Expert)
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20 June 2013 R/SIR
TCS WILL APPLICABLE ON ALL SALE
BUT IF YOU SELL TO MANUFATURER THEN IF SUBMIT 27c FORM
THEN NO tcs ON SALE TO HIM

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