Raghav Bansal (Prop) (21 Points)
05 April 2019We are a trading firm engaged in trading of imported ferrous and its alloy scrap (imported from other countries).
We wanted to know if TCS is applicable on trading of IMPORTED scrap or not? i.e. when we sell it to other traders, are we liable to deduct TCS or not?
Harshit Baheti
(344 Points)
Replied 06 April 2019
Neelima Muni
(owner)
(299 Points)
Replied 07 April 2019
No. you are just selling imported scrap material, hence no question of TCS levy.
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