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Gst on sale of scrap

WebMar 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 not." Compensation cess is not leviable w.e.f. 25.1.18 vide Notification No. 1/2024-C.C. (Rate), dated 25-1-2024 amending original Notification no.1/2024-Compensation Cess … Webgst 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

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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) WebApr 11, 2024 · GST on Sale of old used Car – Personal, business Purpose Scrap, Resale Everyone lives by selling something. However in Goods and Service Tax (GST) regime thinking of selling the old used things, brings more problem about taxation of those things. GST on Sale of old used or second hand car is one of the thing. bosch grinder lock nut wrench https://shieldsofarms.com

GST Rate on Sale of Scrap Materials with HSN Code

WebMar 30, 2024 · Q. old AC sold as scrap. 2,987 views. Question added Mar 30, 2024 Goods and Services Tax (GST) By PANKAJ MITTAL, CA, DELHI. Why old ac sold as scrap … WebAug 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. 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 hawaiian airlines covid 19 policy

SCR Tender - Machinary Scrap - 98325012(01)cond. & U/s Machinery Scrap ...

Category:GST and scrap metal: code of compliance - Australian Taxation Office

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Gst on sale of scrap

Used business assets valuation,taxability.

WebSep 20, 2024 · GST on sale of scrap and waste materials . Introduction: Though the sale of scrap or waste materials is liable to tax but the term “Scrap” is nowhere defined …

Gst on sale of scrap

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Webplease 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 … 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.

WebMar 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 … WebSep 27, 2024 · Therefore, mills will feel an impact on the additional 13% they will now pay to the miners. This total 18% GST is going out of mills’ pockets in advance, while procuring the ore. Few months’ capital block: Generally the time taken from the time of purchase of iron ore to production and finally the sales stage is four to five months.

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. 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 …

WebApr 27, 2024 · April 27, 2024 Under the GST regime, scrap and waste have not been related to the GST Laws but despite that sale of scrap is considered as ‘supply’ in …

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, … hawaiian airlines coupons promotionsWebJan 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 … bosch grinding wheel hsn codeWebMay 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 … bosch grinder price in india