banner_ad

Ginning machinery

This query is : Resolved 

12 July 2025 My question is ..
Can old ginning machinery sell as scrap and if we sell ginning machinery as scrap then what goods name and hsn should we mention in our tax invoice ?

12 August 2025 Yes, you can sell old ginning machinery as scrap.
GST Invoice - Sale of Old Machinery as Scrap
Goods Description:
You can mention something like "Scrap of Ginning Machinery" or simply "Scrap Machinery."
HSN Code for Scrap:
Generally, HSN 7404 is used for "Copper waste and scrap," but since it's ginning machinery scrap (which is mainly metal), the applicable HSN is likely:
HSN 7204 – Ferrous waste and scrap (if it's mostly iron/steel)
Or HSN 8501 – if it's electrical machinery scrap (less likely here).
Check the composition of the scrap material. If it is primarily iron/steel, use HSN 7204.
GST Rate:
Scrap sales usually attract GST @ 5% (non-IGST), but verify the latest GST rates for scrap goods under your state GST laws.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
29 April 2026
Internal Auditor

SNCO

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 30 April 2026
Article Assistant

M/s G.K. Choksi & Co.

New Delhi

CA Inter

View Details
Company
26 April 2026
Chartered Accountant

Source HR

Mumbai

CA

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details