Hello Sir
i wan to start trading business of alluminium scrap and its HSN code is 76020010. So TCS applicable on this item or not ? and if yes How many rate applicable for the same.
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TCS on alluminum scarp
Replies (8)
Quick Summary
Yes, If You want to deal scrap business then TCS applicable as one percent...
If You Purchase scrap then Your supplier collect TCS
If You Sale scrap then You will collect TCS from Your customer...
If You Purchase scrap then Your supplier collect TCS
If You Sale scrap then You will collect TCS from Your customer...
Sale of scrap gst is also applicable
| Originally posted by : sabyasachi mukherjee | ||
 |
Sale of scrap gst is also applicable |  |
Naaraayanaa... Intha kosu thollai thaanka mudiyala, Naaraayanaa...
😇😇😇😇😇😇😇😇😇
Dr. Bank 110
Cr. GST 3.5
Cr. Sgst 3.5
Cr. Tcs 3
Cr. Sales 100
| Originally posted by : Yasaswi Gomes new | ||
|
Dr. Bank 110 Cr. GST 3.5 Cr. Sgst 3.5 Cr. Tcs 3 Cr. Sales 100 |
|
Why this?
and
What is this...??
I'm practicing GST plus tcs entries.
| Originally posted by : Yasaswi Gomes new | ||
|
I'm practicing GST plus tcs entries. | |
Ohhh okay okay...
Tcs stands for tax collected at source.
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