Applicability of tcs on scrap

Dear Friends,

We are a manufacturing Company and are using different inputs, being purchased by us in various packing.

After use of material, we are selling this used packing material( Corrugated boxes, Cartons, poly bags etc) and other mechanical waste, generated due to varied maintenance or fabrication work in the factory.

What is the applicability of TCS on this or whether the same may be treated as manufacturing or mechanical waste for the purpose of TCS.

Regards,

CA. Krishna KUmar Srivastava

 

 

 

 

 

Replies (1)

No tax will be deducted from a buyer who purchases specified goods not for the purpose of trading but for the manufacturing,processing,or production of goods/article or thing.

 

  • In this case Buyer gives a declaration, for above use, in duplicate in Form 27C to the seller.
  • The seller shall deliver one copy ,form 27C collected from buyer, to Chief Commissioner/ Commissioner of Income tax.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
ARTICLESHIP 30 September 2026
CA Article Assistant

CA Suraj Garg & Associates

New Delhi

CA Final

View Details
Company
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
26 September 2026
Chartared Accountant

pushpganga ventures

Pune

CA

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details