2024 Gst on sale of scrap

Gst on sale of scrap

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August undefined, 2024

WebSep 23, 2024 · GST on Sale/transfer/disposal of Capital Goods – A new pandora box under GST! This article is penned down to enlighten the implications in respect of capital goods that are lost, stolen, … WebJan 10, 2024 · Effectively I get Rs 5924 in hand and I have a scrap item valued at Rs 1500 in stock, which I often used to sell for cash and ignore accounting for that. These entries were fine until now, but in GST I want to make it truly accoutable. 4 Replies MUTHULAKSHMI (Accounts Manager) (75 Points) Replied 05 September 2024 Pls note …

Taxability on Sale of Old & Used Commercial Vehicle, Goods and …

WebJul 21, 2024 · Circular No. 76/50/2024-GST dated 31st December, 2024 provides clarification on issues in case of sale of used vehicles, seized and confiscated goods, old and used goods, waste and scrap by Government departments. 1. Is supply of used vehicles, seized and confiscated goods, old and used goods, waste and scrap by … WebJun 5, 2024 · If the damaged goods are sold as such or as scrap on payment of gst no reversal of ITC is required. 2 Dated: 24-5-2024 By:- KASTURI SETHI Sh.Pawan Bansal Ji, You are to go step by step (stage-wise). Dictionary/legal meaning of the word, 'damaged' is 'lost'. 'Damaged' is synonym of the word, 'lost'. i love baseball shirts

GST on Sale of Fixed Assets - TaxGuru

WebJul 1, 2024 · Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles WASTE OF BATTERIES - GST RATES & HSN CODE 8548 GST rates and HSN code for Waste Of Batteries. Origin Chapter: Chapter 85 WebJul 1, 2024 · The scrap metal industry code of compliance (the code of compliance) makes it easier for scrap metal dealers to account for goods and services tax (GST) when … WebMar 19, 2024 · For vehicles sold as scrap which does not amount to sale of a vehicle as such, the rate of the material sold as scrap would apply. For vehicles sold as vehicles, a … i love baseball theme song

GST Rate on Sale of Scrap Materials with HSN Code

ITC Reversal for scrap sales - CONSULTEASE.COM

WebAll HS Codes or HSN Codes for machinery scrap with GST Rates HSN Code 7315 Chain and parts thereof, or iron or steel (excluding watch chains, necklace chains and the like, cutting and saw chain, skid chain, scraper chain for conveyors, toothed chain for textile machinery and the like, safety devices with chains for securing doors, measuring chains) WebJun 14, 2024 · 14 Jun 2024. 253,242 Views. 2 comments. TCS on sale of scrap was introduced by the Government as a measure to ensure availability of data in rather … i love bath and body worksWebgst rate on sale of scrap Contents sir, please provide me gst rate on sale of scrap 1) sale of scrap of steel and iron 2) sale of aluminium 3) sale of waste wood 4) sale of debris, demolished destructive material at construction site. exclude iron and steel and also describe provision on tds on sale of scrap under gst Posts / Replies i love bath and body products

"WebCollection Details: Friday 21st, Saturday 22nd, Monday 25th, and Wednesday 26th to Friday 28th of April between 8:30am and 3:30pm (unless otherwise stated in the item description). (120083-1500) GST Note: GST will be added to the final bid price of this item. GST will be added to the buyers premium. Credit Card / PayPal surcharge fee may apply. " - Gst on sale of scrap

Gst on sale of scrap

GST applicable on Supply of motor vehicles as scrap after its

WebMay 9, 2024 · GST Rate: 3915: Plastic waste, parings or scrap: 5%: 4004 00 00: Rubber waste, parings or scrap: 5%: 4017 00 20: Hard Rubber waste or scrap: 5%: 4401: Wood Scrap: 5%: 4415: Packing cases, Box, Crates, …

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WebMay 15, 2024 · sir at which GST rates we can sale old office furniture and computer and which hsn code will be applied 1 Replies Kunal Mittal (FINANCE OFFICER) (575 Points) Replied 15 May 2024 if you are selling it as scrap then 5% and hsn will be furniture scrap. if not scrap then 18% and hsn will be that is used for new furniture. WebJan 13, 2024 · Rate of gst on sale of old and used air conditioners This query is : Resolved Report Abuse Follow Query Ask a Query Querist : Anonymous (Querist) 13 January 2024 1) About 15 years old Airconditioners used as business assets in a mfg unit sold to scrap dealer along with ducting and piping.

Web25 rows · Aug 17, 2024 · In GST regime, in order to be taxable, the waste … WebGst@18% On Rcm Basis.location- Nf Yard Middle. Closing Date : 28-04-2024 South Central Railway tender in Andhra Pradesh SCR Machinary Scrap - 98325012(01)cond. & U/s Machinery Scrap Of Ist Hydraulic Press Make: Peeco S.no: 2/pr-11/pm-18/87; M&p No: 3210587 In Full Or Damaged Condition.total Copper Wt=2 Kgs Approx.; Total Ms …

WebGST Exclusive & Inclusive Examples. A Buyers premium applies to all lots purchased in this auction. Please refer to the individual sale or lot descriptions for the applicable percentage. GST Exclusive example: Successful Bid Price is $109 + 20% Buyers Premium = $130.80 +10% GST = invoice total of $143.88 WebCheck out the #GSTrate on the sale of #scrapmaterials with #HSNCode details. Also, we have included scraps like plastic waste, rubber waste, hard rubber waste, wood scrap, paper waste, etc. 09 Apr 2024 09:00:02

WebJun 30, 2024 · Do you pay GST on scrap metal? This applies to scrap metal and equipment (such as trucks, and sorting and crushing machinery) that you use in your business. You can claim GST credits even if the sale you then make is GST-free – for example, a GST-free export of scrap metal. You must hold a tax invoice from the seller.

WebJul 21, 2024 · GST on sale of Scrap by Government Department. CA RAJENDER ARORA. Goods and Services Tax - Articles. . Download PDF. 21 Jul 2024. 12,309 Views. 0 … i love bbc t shirtsWebAug 29, 2024 · Related Topic: Valuation of second-hand machinery: Circular No. 07/2024. Useful Life of the Fixed asset is 5 years according to Rule 44 (1) (b) i.e. 60 months. Remaining unused life of the Fixed asset is 34 months (60-26). The Fixed asset has been sold for Rs.60000 and tax charged Rs.10800. Total Input Tax Availed. i love bathrooms - patrick arnoldWebImportant information about the sale of the vehicle. Sale of this vehicle in an auction context is on an “as is, where is” basis. ... GST Note: GST will be added to the final bid price of this item. GST will be added to the buyers premium. ... Clear identification and marking to identify that the plant item is only suitable for scrap or ... i love bbq winnipegWebMay 4, 2024 · We have the fixed assets of Pre-GST period on which we have not taken any input credit under Service tax/Vat..Presently we want to sale these fixed assets. Kindly suggest Whether we are liable to pay … i love bbq by ruecabWebMar 17, 2024 · Sale or disposal of old vehicles, old tyres and scrap material for a consideration would therefore attract GST regardless of whether ITC has been availed or … i love bathrooms wiganWebApr 23, 2024 · Know all about Scrap sales in GST, the concept, HSN Code and GST Rates of the Scrap material among other essential points under Scrap sales in GST i love beach music albumWebAug 21, 2024 · Replied 05 January 2024. yes you have to pay gst on sales different tax rates prescribed like plastic scrap 5% iron scrap 18%. CA S K MISHRA (Service) (4275 … i love beach music cd