Dear Sir
under-construction company sales their scrap nil rate or chargeable? & What rate charge in Bill.
If Their sales scrap sold in Cash for what limit for Cash Sales
Menu
Sales Of Scrap
Replies (9)
cash transaction above RS.2 lacs under sec 269T of income tax act attract penalty equivalent to amount of transaction hence cash txn > 200000 are banned we'd April 2017.
Also Sale of scrap are taxable supplies under GST act and GST is payable on the same.Rate of GST of scrap depend upon the nature of scrap classification.
Also Sale of scrap are taxable supplies under GST act and GST is payable on the same.Rate of GST of scrap depend upon the nature of scrap classification.
Thanks Surjeetji
welcome Raval Prashant ji.
sale of scrap would also attract the provision of TCS
Scrap of steel & iron GST @ 18% HSN code 7204
Scrap of Aluminium GST @ 18 % HSN Code 7602
Scrap of Aluminium GST @ 18 % HSN Code 7602
For Wooden Scrap what rate & HSN
Scrap/waste wood GST @ 5% HSN Code 4401
ok thanks vinodji
for plastic powder/polycarbonate scrap what rate & HSN CODE
Recent Threads
- Deferment period for Advance Tax under Section 234
- Permanant transfer of duty free goods by Advance A
- 1% TDS Deduction on Property purchase through inst
- Tax on leave encashment on retirement
- Guidance Required on Notices Under Section 234B Af
- Rcm invoices and normal invoice
- Regarding STCG on Equity
- GSTR 9 details with same PAN & different Turno
- Hotel ITC
- ITR for Trust- 12A
Related Threads
CAclubindia
