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Second hand mobile

27 June 2022

Hsn code & GST Rate of second hand mobile sale or purchase

The entire purchase is made of the used phone on unregistered person & Sale for the same unregistered Person
how to deal under GST

Thanks

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11 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14149 Points)
Replied 27 June 2022

Are you in the Business of purchase and sales of old Mobiles.?.

1 Like

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 27 June 2022

HSN 8517 and rate is 12%

1 Like

kumar rajat (285 Points)
Replied 28 June 2022

Yes
Prasad ji

prasad Nilugal ( GST Practitioner & Accounts ) (14149 Points)
Replied 28 June 2022

You have to pay GST on margin ( Sale- purchase) if you have not availed Input tax credit earlier. please refer rule 32(5) of the CGST rules 2017 for more details.

1 Like

kumar rajat (285 Points)
Replied 28 June 2022

Thanks
I already read this section but my query is how to HSN code & GST rate on margin schemes for sale or purchase old mobile

1 Like

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 28 June 2022

Use samw as for original

1 Like

kumar rajat (285 Points)
Replied 29 June 2022

Samw ?

1 Like

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 29 June 2022

Same HSN for used mobile also

1 Like

kumar rajat (285 Points)
Replied 29 June 2022

Okay
Thanks Mam for valuable reply

1 Like

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 29 June 2022

Welcome Dear........................

1 Like

Imthias ahamed Kormath (910 Points)
Replied 04 July 2022

If u read under gst,no Itc claim on purchase of used mobiles, But at that time any maintenance works or any modified by u,u charge gst on margins value.