what is the tax rate for plastic scraps?

9991 views 11 replies
1 what is the tax % for plastic scrap and while converting it in to granules what ll be the % of tax for reprocessed granules.

2 In composite scheme can i make bought note purchases?

3 Can i transact interstate while in composite scheme?
Replies (11)
5% GST on plastic scrap.

It's not applicable RCM on PURCHASE in composite scheme

yes can transact interstate PURCHASE only on composite scheme.
Waste, parings and scrap, of plastics HSN Code 3915 Rate(%) : 18


Waste, parings and scrap of rubber (other than hard rubber) and pow-ders and granules obtained therefrom HSN Code 4004. Rate(%) : 18

Hard rubber (for example ebonite) in all forms, including waste and scrap; articles of hard rubber HSN Code 4017 Rate(%) : 28
At the 22nd GST Council Meeting, among other things, the following decisions were taken: 
1) Reduction in GST rates for some items
2) Deferment of Reverse Charge Method up to March 2018.
Waste, parings and scrap, of plastics HSN Code 3915 Rate(%) : 18% before 22nd council meet.. After that changed 5%


Waste, parings and scrap of rubber (other than hard rubber) and pow-ders and granules obtained therefrom HSN 4004 Rate (%) 18 before 22nd council meet.. After that changed 5%
Yes...
I agreed to Mr MOHAMED AZGAR....

Sorry for the Wrong / not updated reply...
No sorry Raja jee. It's always discussion form. so don't hesitate. Always participate. Thank u.
You are welcome Dear...
Jazakallahu akhair for the valuable information
We manufacture Reprocessed Plastic Granules from plastic scrap. RP Granules are used as raw material for making polythene bags once again. here what ll be the tax rate for these granules
will it be same as 5% as its produced from plastic scrap?
Changes in GST Rates for Goods on 06-10-2017

Plastic waste, parings or scrap from 18% to 5%Rubber  waste, parings or scrap from 18% to 5%Hard Rubber waste or scrap from 28% to 5%
it's raw materials rate of tax changed, simoultiously finished goods rates are changed like 18% yo 5%
it's raw materials rate of tax changed, simoultiously finished goods rates are changed like 18% yo 5%

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