banner_ad

TCS on alluminum scarp

565 views 8 replies
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.
Replies (8)
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...
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.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details