Gst on scrap sale of iron

Author: jefp

August undefined, 2024

WebMay 9, 2024 · GST Rate: 3915: Plastic waste, parings or scrap: 5%: 4004 00 00: Rubber waste, parings or scrap: 5%: 4017 00 20: Hard Rubber waste or scrap: 5%: 4401: Wood Scrap: 5%: 4415: Packing cases, Box, … WebOct 30, 2024 · GST Rates & HSN Codes for Iron, Steel, Iron Rods Etc - Pig iron and …

metal scrap HSN Code or HS Codes with GST Rate - Drip Capital

WebAll HS Codes or HSN Codes for iron scrap with GST Rates HSN Code 7204 Ferrous … WebFeb 9, 2024 · Scrap: 1%: Minerals like lignite, coal, and iron ore: 1%: Bullion that exceeds over Rs. 2 lakhs/ Jewellery that exceeds over Rs. 5 lakhs: 1%: Purchase of Motor vehicle exceeding Rs. 10 Lakhs: 1%: ... Yes, TCS is collected on the sale consideration inclusive of GST. It has been clarified by the CBDT that since the tax is on the total sales ... svp acronym business

Section 206C-TCS on sale of scrap etc. - Taxway Global

WebJul 18, 2024 · Manufacturing and sale of all kinds of iron and steel like iron rods, bars, … Web18% GST Rate for Iron and Steel. All iron and steel products under Chapter 72 of the HSN Code is taxed at 18% GST. Ferroalloys. Ferrous products obtained by direct reduction of iron ore and other spongy ferrous products, in lumps, pellets or similar forms; iron having a minimum purity by weight of 99.94%, in lumps, pellets or similar forms. WebApr 23, 2024 · 1) While the entry provides for rate of tax, it doesn’t provide HSN … sketchers new slip ons for women

GST on sale of Scrap by Government Department - TaxGuru

Scrap sales in GST IRIS GST

WebDec 8, 2024 · Scrap Dealer Near Me. You can call us at +91-931 149 8997 if you are looking for scrap buyers or scrap dealers near you. You can check the Scrap Price or Rate List by calling our customer care team. We are dealing in the following scrap categories … WebJul 1, 2024 · 94039000. Other Furniture And Parts Thereof -Parts. 12/18. 0. 15/11/2024 - 1/07/2024. 12% has replaced 28% 18%. Rates given above are updated up to the GST (Rate) notification no. 05/2024 dated 16th October 2024 to the best of our information. We have sourced the HSN code information from the master codes published on the NIC's … svp and russillo t shirtsWeb7204. Ferrous waste and scrap; remelting scrap ingots of iron or steel. 72044900. Other waste and scrap: Other. 18-Apr-2012. Free. 31-Jul-2009. svpapewilcaif16:8444

"WebAug 21, 2024 · Replied 05 January 2024. yes you have to pay gst on sales different tax rates prescribed like plastic scrap 5% iron scrap 18%. CA S K MISHRA (Service) (4275 Points) Replied 08 May 2024. Paper Scrap (HSN 4707) GST 5%, Computer Scrap (HSN 85 ) GST 5%. For more information refer www.skmadvisory.com. " - Gst on scrap sale of iron

Gst on scrap sale of iron

GST Tax Rate on HSN Product - 72044100 - Ferrous Waste And …

WebMar 14, 2024 · There are four major tax rates under GST, i.e 5%, 12%, 18% and 28%. Essential goods are charged at 5%. The standard rates charged are 12% and 18%. Luxury items are charged at 28%. Air conditioners are considered as a luxury item and are hence charged a GST rate of 28%. WebFeb 13, 2024 · TCS under GST is applicable in the following cases: When carrying out …

Did you know?

WebJul 21, 2024 · Circular No. 76/50/2024-GST dated 31st December, 2024 provides … WebGet all 6 digit and 8 digit codes and their GST Rates under HSN Code 7204 Ferrous waste and scrap; remelting scrap ingots of iron or steel (excluding slag, scale and other waste from the production of iron or steel; radioactive waste and scrap; fragments of pigs, blocks or other primary forms of pig iron or spiegeleisen) ... GST% 720410: Waste ...

WebMar 2, 2024 · Types of GST Rates and GST Rate structure in India The primary GST slabs for any regular taxpayers are presently pegged at 0% (nil-rated), 5%, 12%, 18% & 28%. There are a few lesser-used GST … http://www.eximguru.com/hs-codes/72044900-other.aspx

WebNov 29, 2024 · Sale of goods of aggregate value > 50 lakhs in a year to a buyer; Goods does not include exports and goods covered u/s 206C(1), 206C(1F) and 206C(1G) viz., alcoholic liquor for human consumption, tendu leaves, timber, scrap, coal, lignite, iron ore, sale of motor vehicle, foreign remittances and overseas tour program package etc. WebJun 30, 2024 · RULING. 1. Composition Dealer purchasing Scrap/Used vehicles from the following Suppliers, namely: Central Government, State Government, Union territory or a local authority are liable to pay tax on RCM basis. 2. There is no RCM tax liability for purchase of subject goods from unregistered dealers. Tags: AAR Rulings, Advance …

WebMar 7, 2024 · Scrap Iron Prices Market Rates All rates mentioned below are Per Metric Tonne and in Indian Rupees (₹). 18% GST will be extra. Rates are only for informational use. Scrap - Will Price Increase? (स्क्रैप के रेट बढ़ेंगे?) Yes (हां) - Increase (बढ़ेंगे) No (नहीं) Can't Say (कह नहीं सकते) View Results Loading ...

WebApr 27, 2024 · GST Rate : 3915 : Plastic waste, parings or scrap : 5% – 18%: 4004 : … svp and associatesWebHSN Code 720449 - HS codes of Ferrous waste or scrap, nes Home HSN Code List HSN Code 72 HSN Code 7204 HSN Code 720449 HS Codes - Ferrous waste or scrap, nes (720449) HS Code: 720449 Name: Ferrous waste or scrap, nes Parent Code: 7204 Children HS Codes: Looking to export Ferrous waste or scrap, nes from India? svp acronymeWeb25 rows · Aug 17, 2024 · GST Rate . 3915 . Plastic waste, parings or … s v parkins 2017 1 sacr 235 wccWebJul 19, 2024 · After increased scrutiny by GST authorities, steel companies that use scrap metal as input have suggested removal of tax on sale of the raw material between dealers and imposition of the levy on its sale to manufacturers under reverse charge mechanism. The All India Induction Furnaces Association, which represents 35% of the country's … sketchers no laces for menWebOct 28, 2024 · HSN Code & GST Rate for Products of Iron & Steel - Chapter 73 File with us to win your taxesReady to File! Start Now! Smart, Simple and 100% free filing Personalised Tax Filing experience Accurate Calculations guaranteed Helpful tips for self filing Free live chat facility Ready to File! Start Now! Disclaimer sketchers number to callWebAug 18, 2024 · The scrap is the supply of tax under GST norms, its rate of GST has depended upon the nature of the scrap as well as HSN code. … sketchers non slip womens shoe svp acronym