banner_ad

Scrap sale under GST of Fixed Assets

This query is : Resolved 
Profile Image

Profile Image

(Querist)
28 January 2021 An old genset was sold and it has salvage value only....the genset was sold to local feriwala...what to do ? whether invoice to be prepared and gst to be paid?
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
28 January 2021 No need for invoice if it's sold for less than book value.
Profile Image

CA Parul Saxena

Profile Image

CA Parul Saxena (Querist)
28 January 2021 it is sold higher than scrap value and that too in cash
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
28 January 2021 Charge 18% GST as sale of scrap under tax invoice.
Profile Image

CA Parul Saxena

Profile Image

CA Parul Saxena (Querist)
28 January 2021 what to mention under buyer name as the product given to local feriwala
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
28 January 2021 Raise b2c invoice put some name not a problem.
Profile Image

CA Parul Saxena

Profile Image

CA Parul Saxena (Querist)
29 January 2021 can you please provide HSN code too
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
29 January 2021 7204 MS Scrap of all types 18%
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

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

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details