Sir, we are regisreterd manufacturer and metal scrap is our raw materil , Is Reg 07 (TDS 2% on purchase of metal scrap) applicable for us ?? or it is applicable for only dealer like traders who sell the scrap further as it is ?? Thank you in advance
Menu
Applicability of REG 07 and TDS on metal scrap
Replies (2)
This is applicable if the manufacturer's turnover exceeds ₹10 crores in the previous financial year.
1. If you are a registered person (manufacturer) under GST and have a valid GSTIN.
2. If the metal scrap is used as raw material for manufacturing goods.
3. If the value of the metal scrap purchased does not exceed ₹5 lakhs in a single transaction.
sir, thank you for reply, Some where 2.5lac of single bill/contract mentioned , Can you please reply is the value changed from 2.5 lac to 5.00 lac recently by govt ?? thank you
Recent Threads
- UNCLAIMED TDS REFUND QUERY
- Rcm payable which head
- Query of GST
- Long Term Capitalgains on sale of residential prop
- How Salaried Individuals Can Reduce Capital Gains
- NSTPI registration
- GST PAID IN DELHI
- How to Trade Forex in India?
- TDS - requirement of TDS by individual under presu
- Normal Register in GST in delhi in gujarat no rece
Related Threads
CAclubindia
