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GST for Computer scrap

Mohammed Fahad (Become CA) (76 Points)

28 August 2020

Computer scrape sale business T/O is 40 lacs then what can I do regarding GST reg???

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8 Replies

Taha (T) (405 Points)
Replied 28 August 2020

If exact 40 lakhs then no need becoz provision says exceeds so if exact 40 lakhs then no need if exceeds 40 lakhs even rupee then registration required

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Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 28 August 2020

You are required to take GST Registration..

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Mohammed Fahad (Become CA) (76 Points)
Replied 28 August 2020

If purchases made from inter state and sale made in intra state then Can I opt composition scheme for above business?
If Yes then what is Rate of Gst?

Nidhi Hemle (29 Points)
Replied 28 August 2020

No, you can not opt composition scheme, when you want do inter state sales,,

Mohammed Fahad (Become CA) (76 Points)
Replied 28 August 2020

No no sale is INTRA state only purchases from inter state

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Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 28 August 2020

Yes, you can opt for composition scheme..if have only intra state sale ( inter State Purchase allowed) and T/O less than 1.5 crore (75 lakh for North-eastern State)

If you are only Purchasing and selling scrap as like only Trading..than you can opt as trader @ 1% Composition rate.

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