If Goods send to Lobour charge and return then impact of GST ON SCRAP.
Scarp also return with material.
plz explain.
7 Replies
natarajan
(SM - Audit & Taxation)
(156 Points)
Replied 27 July 2017
scrap will attract gst. the rate normally the rate applicable for the product.
natarajan
(SM - Audit & Taxation)
(156 Points)
Replied 29 July 2017
if you are giving job work to hob worker. while processing your item scrap may arise..there are two possibility one, the job worker will return scrap to you, two, he may sell as scrap..
at both cases while selling scrAp, gst will attract.
hope it is clear
NatarajAn
at both cases while selling scrAp, gst will attract.
hope it is clear
NatarajAn
MSD FANS CLUB
(26 Points)
Replied 29 July 2017
if not return scrap then issue invoice to Job workesr.
scrap Hsn code
scrap Hsn code
natarajan
(SM - Audit & Taxation)
(156 Points)
Replied 29 July 2017
it depend on the irmtem specific...hence ready answer cannot be made.
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