From ₹1 Lakh to ₹1 Crore+ Turnover | Module 12: GST, TDS & TCS for Auction Buyers
Overview
This module covers the tax-compliance layer specific to government e-auction purchases — GST applicability on scrap categories, TCS collection under Section 206C, and TDS considerations that auction buyers frequently get wrong. Getting this layer right is often what separates a sustainable auction-trading business from one that attracts recurring notices.
Topics Covered
- GST rates applicable to different scrap categories
- TCS under Section 206C on scrap and specified goods
- Claiming input tax credit correctly on auction purchases
- Common notice triggers for scrap and auction traders
- Reconciling 26AS/AIS with auction purchase records
Who this is for: Auction buyers and scrap traders who want to avoid GST and TDS/TCS compliance mistakes.
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