Tcs on sale of catalyst scrap

rahul sharma (Querist) 15 March 2013 This query is : Resolved
Our company come under fertilizer industry in which many type of catalysts used for enhancement of chemical reactions, after their shelf life such catalysts sold to vendors who recover copper iron etc. from such scrap,

my concern is whether such scrap can be said as generated from manufacturing process.

further whether TCS calculated on invoice value including Sales tax/VAT amount.

thanks in advance

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Adv k . mahesh (Expert) 15 March 2013
tax matter

C. P. CHUGH (Expert) 15 March 2013
Sale of unused/discarded raw material/consumable does not constitute to be scrap generated from manufacturing process, hence provisions of tax collection at source are not applicable.

ajay sethi (Expert) 17 March 2013
company can afford legal fees

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