CCI Online Learning
What do you want to learn today?
     
CIBIL

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Trading or manufacturing

This query is : Resolved 

Dear Sir, kindly help clarify on below point.

I am registered as a trader under GST.

I can buy an electric scooter from manufacturer without battery under HSN 8711 6020
and with battery under HSN 8711 9091

if i buy with battery and sell to customer with battery, the process is simply trading and OK

BUT
if i purchase scooter without battery from supplier. (GST 5%)
buy battery from a different supplier (GST 28%)

Can I SELL to end customer scooter with battery (together) (GST 5%)

will it come as trading or manufacturing or something else.......
more so coz GST rate difference is there in input and output for me as battery input GST i will claim at 28% but output sale of composite (scooter+battery) will be at 5%...



Buy battery from a different supplier (GST 28%) you Can SELL to end customer scooter with battery (together) (GST 5%)
Claim refund for excess input tax on battery.

Thanks.....another query - will this be still considered as trading activity or something else?

2. Can I adjust the excess input credit from this activity against my textile business under same GST no and same name

1 It's trading activities.
2 yes you can.


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


Click here to login now



Similar Resolved Queries :





Trending Tags
audit
sebi
cag
rbi
Union Budget
ca rankholder interview
dvat
tds
gst return
Info Technology
Service Tax
students
accounts
csr
custom
itr
llp
gstr 9
mca
unified portal
dgft
coronavirus
Excise
close
GST Live Class