GST charge on sale of new batteries in replace of old batteries.
This query is : Resolved
Quick Summary
Kanhu charan dssh
(Querist)
18 May 2022
Dear Sir
In My Client Sale a New batteries which was purchase cost 5000+GST and exchange old batteries of Rs 1000 . kindly suggest My client issue invoice of Rs 4000 +GST after minus( Purchase cost 5000-Old Batteries 1000) If yes will ITC have to reversed which was claimed in that time of purchase batteries. If no what is taxable value on sale.
In My Client Sale a New batteries which was purchase cost 5000+GST and exchange old batteries of Rs 1000 . kindly suggest My client issue invoice of Rs 4000 +GST after minus( Purchase cost 5000-Old Batteries 1000) If yes will ITC have to reversed which was claimed in that time of purchase batteries. If no what is taxable value on sale.
CA R SEETHARAMAN
(Expert)
18 May 2022
The sale value should be 5000 plus GST.
Old battery value should not be reduced from sale value.
Old battery value should not be reduced from sale value.
Ram Avtar Singh
(Expert)
18 May 2022
An old battery should be treated as a purchase from the unregistered dealer as scrap of battery separately.
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