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Sep 20, 2021 · GST on sale of scrap or waste by Government Departments. In this respect, we will refer to Circular No. 76/50/2018- GST dated 31st December 2018 which provides clarification on issues in respect of the sale of used vehicles, seized and confiscated goods, old and used goods, waste, and scrap by Government departments.
Apr 2, 2024 · The rate of GST on scrap depends upon nature of Scrap & its HSN Code. For the purpose of determination of value of supply under GST, Tax collected at source (TCS) under the provisions of the Income Tax Act, 1961 shall not be includible.
Jun 21, 2024 · Check out the GST rate on the sale of scrap materials with the HSN Code. We included plastic waste, rubber waste, hard rubber waste, wood scrap, and paper waste
Oct 13, 2017 · 5% has replaced 18%. Disclaimer: Rates given above are updated up to the GST (Rate) notification no. 05/2020 dated 16th October 2020 to the best of our information. We have sourced the HSN code information from the master codes published on the NIC's GST e-Invoice system.
Jul 1, 2017 · Copper and articles thereof. COPPER WASTE SCRAP - GST RATES & HSN CODE 7404. GST rates and HSN code for Copper Waste And Scrap. Origin Chapter: Chapter 74. Disclaimer: Rates given above are updated up to the GST (Rate) notification no. 05/2020 dated 16th October 2020 to the best of our information.
Explanation:- If the goods specified in this entry are supplied, by a supplier, along with supplies of other goods and services, one of which being a taxable service specified in the entry at S. No. 38 of the Table mentioned in the notification No. 11/2017-Central Tax (Rate), dated 28th June, 2017 [G.S.R. 690(E)], the value of supply of goods ...
Jul 1, 2017 · Origin Chapter: Chapter 72. GST rates and HSN code for Ferrous Waste And Scrap.
Apr 27, 2021 · GST Rate and HSN Code of Scrap and Waste. Finding proper HSN (Harmonized System of Nomenclature) code and GST rate of scrap and waste is definitely a tedious task. The highest rate for scrap material is 18% and the highest number of HSN code is 8 digit.
Nov 11, 2023 · Scrap Gst Rate. Our simple guide is designed to keep you informed about changes in the scrap rate that may affect your business transactions. We provide practical GST duty rates in current GST rates for scrap, making it easier for you to take an informed decision.
Sep 28, 2023 · While taxability of waste and scrap is no longer factious, finding proper HSN Code (Harmonized System of Nomenclature code ) is definitely a tedious task. The highest GST rate for scraps material is 18%. HSN code is a 6-digit code that categorizes 5000+ products.
