TCS SCRAP SALE

CA. Aditya Ik Jain (FPM) (62 Points)

05 May 2010  

Hello to Everyone

I have a query to you, we are a sugar manufacturer company.Sometimes we sell scrap. Our scrap includes M.S. Scrap, pipes, Elcetric cables, HSD Drums etc..I want to ask, whether it is mandatory for us to deduct TCS on srap sale. And if we do not deduct what can be the consequnces and also i like to know,is there any way to avoid the deduction of TCS. I ll be waiting of ur kind reply.These Scrap is not arising from manufacturing process