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Scrap Sale (

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niloy sanyal

account manager

777 Points Posted on 30 September 2022

We raise a Scrap Sale Bill to GST Unregister Party (but Pan card avail) dated 26/09/2022 value Rs. 28,300.00(Including GST+ TCS 5%)

For this Purpose in previous we have received ADVANCE from Party Rs.9500.00 (Dated 05/09/2022), Rs. 9000.00( Dated 18/09/2022) & balance Amount Rs. 9800.00 (Dated 26/09/2022) for this above invoice purpose

Any Problem will Occurred against this in INCOME TAX & GST. for this reason

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Quick Summary

This discussion clarifies the GST and Income Tax implications of a scrap sale to a GST unregistered party who provided advance payments. It confirms that collecting and paying GST is straightforward. For Income Tax, it highlights the importance of obtaining a TCS certificate from the buyer to avoid issues, especially when dealing with advance payments and the final invoice.