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
A Large Qty of Assorted Cutting Tip Inserts Auction (1500-3025026 ...
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
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