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TCS on sale of Fly Ash, Income Tax

Issue Id: - 118935
Dated: 12-1-2024
By:- Pradeep Sarangi

TCS on sale of Fly Ash


  • Contents

Dear Expert,

Whether TCS is applicable u/s 206C of IT act on sale of FLY ASH ? What will be the GST rate and HSN for same ? Please update.

Regards

Pradeep

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Showing Replies 1 to 3 of 3 Records

Page: 1


1 Dated: 12-1-2024
By:- KASTURI SETHI

(i) HSN 2621 Rate 5%. Notification No.43/17-I.T.(R) dated 14.11.17.

(ii) Classification and rate depends upon the nature/kind of the product. So also see the following decision of AAAA depending upon nature/kind of the product.

2021 (10) TMI 148 - APPELLATE AUTHORITY FOR ADVANCE RULING, GUJARAT - IN RE : DIPAKKUMAR RAMJIBHAI PATEL

 


2 Dated: 12-1-2024
By:- Pradeep Sarangi

Actually the content was that, Fly Ash is covered under 206C of Income Tax Act or not. if its fall under the act then TCS is applicable on sale of Fly Ash u/s 206C or not ?


3 Dated: 12-1-2024
By:- KASTURI SETHI

"Query : Whether TCS is applicable u/s 206C of IT Act on sale of FLY ASH ? What will be the GST rate and HSN for same ? Please update."

Your query pertains to Income Tax and GST both. Issue pertaining to Income Tax Act is not my cup of tea. Hence I replied in respect of GST issue only.


Page: 1

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