Is TCS is collected in respect of Scrape Sales only? If yes
then what will Scrape includes?
- 2 Answers
- 5505 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / shiwani vaishnav
No, TCS (Tax collected at Source ) does not mean it only
include scrap only,it is applicable on tendu leaves,
liquor,timber, toll paza, mine etc.Scrap means a product
which is product by default on every
produce material.
| Is This Answer Correct ? | 11 Yes | 0 No |
Answer / madan roy
TAX COLLECTION AT SOURCE BY SELLER OF CERTAION GOODS:-
Every seller shall collect tax at source in the case of
follwing specified goods:-
1.TENDU LEAVES
2.TIMBER-obtained under a forest lease or under any other
mode;or
any other forest produce not being timber or tendu leaves;
3.Alcoholic liquor for human consumption ;or
4.SCRAP
Sracp includes waste and scrap from manufacture or
mechanical working of madterials which is definitely not
usable as such bacause of breakage, cutting up,wear and
other reasons.
| Is This Answer Correct ? | 4 Yes | 1 No |
Tamilnadu sales tax for Bleach Liquid (2011) schedule I levied tax Zero.I a register dealer purchase the product and sell to B to Karnataka state what tax has to be levied under what section? please answer.F.prabu joackinprabu@yahoo.com
Who are non resident?
in L & T they asked me about service tax question in which situation when we take service from others & we paid billing amount yet we cant take credit service tax but we paid service tax on behalf of others party.
cst rates
I want to know about the site where i can do online application for F form. Please suggest site address and procedure.
Is Service Tax chargable by Real Estate devlopers to be charged on the entire cost of the property or only on the service conent of the cost and not on the cost of land and cost of construction material? Can the developers demand Service Tax on installments paid by the buyers before the real sale takes place?
What r the foll tax deductions for :- 1.TDS 2.WCT Give me answers in detail & give me some addtional info on these topics which would be helpful for me.
updated rates of sales tax & VAT in Maharashtra
What the tax rate deduct on advertisement in nerwspaper in year 2010-11?
If I install a landline connection and initially pay some security, after that am I liable to pay service tax or sales tax,both or none?
when charges PURCHASE @ 12 % TAX RATE ?
What is the meaning of "ROC"? pls give detail information regarding ROC procedure.
Audit 
