An assessee is the Manufature of flour from the wheat. The raw material comes in the Bardan which is being sold by the assessee to the supplier who is suppling the Packing material for Finished Goods.
The query is that whether Section 206C is applicable i.e. TCS on sale of scrap when aseessee sales the Bardan.
Section 206C Inquiry: Is Tax Collected at Source Applicable to 'Bardan' Sale by Flour Manufacturer? An individual inquired about the applicability of Section 206C concerning Tax Collected at Source (TCS) on the sale of 'Bardan' by a flour manufacturer. The 'Bardan' is sold back to the supplier who provides packing materials. A respondent clarified that for TCS purposes, scrap refers to waste and scrap from manufacturing or mechanical processes that are unusable due to breakage, cutting, wear, or other reasons. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
