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GST on Scrap sale

Chadaram Ravi (3 Points)

17 July 2017

I want to know GST applicable on various Scrap materials

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3 Replies

upasana gupta (Finance Professional) (3931 Points)
Replied 18 July 2017

Manufacturing and sale of all kinds of iron and steel like iron rods, bars, and scraps of iron and steel etc are charged at the rate of 18%

Karan Batra (Creator: TheProTalks) (2325 Points)
Replied 18 July 2017

You need to be more elaborate with what type of Scrap it is, It depends on what type of waste/scrap it is, What form it has , What it is made of etc. However mostly scrap falls under 18% unless it is of Precious metals then it will be 28% chargeable under GST.