Second hand mobile

prasad Nilugal

GST Practitioner & Accounts

15093 Points Posted on 27 June 2022

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

CA Rashmi Gandhi

Chartered Accountant

86505 Points Posted on 27 June 2022

HSN 8517 and rate is 12%

kumar rajat

285 Points Posted on 28 June 2022

Yes
Prasad ji

prasad Nilugal

GST Practitioner & Accounts

15093 Points Posted on 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.

kumar rajat

285 Points Posted on 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

CA Rashmi Gandhi

Chartered Accountant

86505 Points Posted on 28 June 2022

Use samw as for original

kumar rajat

285 Points Posted on 29 June 2022

Samw ?

CA Rashmi Gandhi

Chartered Accountant

86505 Points Posted on 29 June 2022

Same HSN for used mobile also

kumar rajat

285 Points Posted on 29 June 2022

Okay
Thanks Mam for valuable reply

CA Rashmi Gandhi

Chartered Accountant

86505 Points Posted on 29 June 2022

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

Imthias ahamed Kormath

915 Points Posted on 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.