GST rate & HSN code for scrap furniture sale

3254 views
User Avatar

Business consultant
137 Points Posted on 20 October 2020

Hi Friends,

I have a doubt regarding the scrap sale of furniture. The Case is if any furniture dealer is procuring old furniture from the customer (individual - unregistered) against the exchange sale offer and selling the old furniture to scrap vendor. As per the GST rate, any scrap sale comes under 5% GST rate, shall i take this sale under scrap sale at 5% (or) is it comes under 18% rate (normal furniture gst rate)? Pl advice

0 Reply Share Follow
On 20 October 2020 at 12:32 Report
Replies (4)
Quick Summary
This discussion addresses a query about the correct GST rate and HSN code for selling old furniture as scrap. The user is unsure whether to apply the 5% scrap rate or the standard 18% furniture rate when exchanging old furniture with customers and then selling it on. Clarification is sought on whether the material composition (wood, plastic, glass vs. aluminium) affects the GST classification.

User Avatar

Tax consultant
5895 Points Posted on 20 October 2020
Old furniture made of
wood, plastic,glass waste scrap is 5%
if aluminium waste scrap then 18%
1 Reply
On 20 October 2020 at 13:34
User Avatar

Business consultant
137 Points Posted on 21 October 2020

Hi, For GSTR - 9 reconciliation work, we have to compare our books of accounts with GSTR 1 (or) GSTR3B?

Read more at: https://www.caclubindia.com/forum/turnover-limit-for-gstr-9-and-9c-for-fy-2018-19-549076.asp?offset=1

Reply
On 21 October 2020 at 17:04
User Avatar

Tax consultant
5895 Points Posted on 21 October 2020
Want to read the article or ans you
Reply
On 21 October 2020 at 17:06
User Avatar

Business consultant
137 Points Posted on 22 October 2020

You wish to read the article but can you pl answer my query?

Reply
On 22 October 2020 at 17:50

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Company 3 months old, INC-20A not filed, all 3 of
  2. How do I choose the Best GST Lawyers in New Delhi
  3. Loss on sale of residential flat after indexing al
  4. Short Deduction
  5. Large mismatch between AIS Business Receipts and G
  6. Income tax on Australian Stipendiary Steward on 3
  7. INCOME TAX SECTION 92E
  8. Queries on Tax Invoice and GST
  9. Income Tax Auditor Tenure for Small Companies
  10. Sec 8 company sec 12ab reg

More recent discussions | Post

Related Topics :

Loading