GST on sale of scrap

26 November 2020

My company wants to sell furniture as scrap to a scrap dealer having no gst registration. I would like to know the applicability of gst in this case.

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4 Replies

gameplaysNmore (96 Points)
Replied 26 November 2020

If your company is registered under GST, then gst would be applicable inspite of have whether the recepient is unregistered.

Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 26 November 2020

Yes GST Applicable .

Bullseye Advisors (GST consultants) (89 Points)
Replied 26 November 2020

Wooden scrap tax at 5%, HSN 4401, entry 198, notification 1/2017-CGST(rate) schedule I.

B.Sridhar Raju (Sr.manager) (22 Points)
Replied 27 November 2020

Yes GST is Applicable @ 5%

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