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gst scrap waste paper
gst tax of waste paper (scrap)
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Rate will be 5%
Hi everyone,
Question regarding treatment of Wastage
We have a printing press and have a duty free stock of paper as on 30.06.2017 the duty forgone on this paper was 6%, on 01.07.2017 at the time of production a wastage generated . So please let me know whether i have paid duty forgone or we have pay IGST @ 12% at the time of scrap sale. Urgently need please reply as soon as possible.
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