Scrap Sale (

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

Replies (2)
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.

If you provide tcs certificate then no problem.
There is no problem in GST as u collect GST and Paid...
under TCS pay TCS to Govt and file TCS return,

that's it

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