TCS limit of scrap sales

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50 Points Posted on 13 December 2021
Hello,
Good evening..

what is the TCS limit of scrap sales.
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On 13 December 2021 at 16:36 Report
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Quick Summary
This discussion clarifies the Tax Collected at Source (TCS) requirements for selling scrap materials. It addresses whether TCS applies to audited firms engaging in scrap sales and notes that the applicable TCS limit and rate can vary depending on the specific type of material being sold. The standard TCS rate mentioned for scrap sales of goods is 1%.

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student
23 Points Posted on 13 December 2021
Tcs applicable for audited firm doing scrap sale
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On 13 December 2021 at 23:50
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Profession
28271 Points Posted on 15 December 2021
Tcs limit is different for different types of materials
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On 15 December 2021 at 17:51
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Company Secretary
7085 Points Posted on 15 December 2021
1% tcs rate on scrap sale of goods
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On 15 December 2021 at 22:01

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