Manoj Punjabi (Accountant) (307 Points)
11 November 2024GST Registered Trader selling empty cardboard boxes as scrap, shall it attract RCM under GST.
Note: Trader is not a scrap dealer, he is trading some consumables, empty carton boxes of consumables are discarded as scrap by selling those boxes to local scrap buyers.
Rama chary Rachakonda
(Master in Accounts & high court Advocate)
(8621 Points)
Replied 11 November 2024
1. *Classification*: Empty cardboard boxes are classified as "waste and scrap" under GST.
4. *GST rate*: If RCM applies, the GST rate would be 5% (2.5% CGST + 2.5% SGST).. -
CAclubindia
