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Is supplying back of emptied containers on returnable basis a supply, Goods and Services Tax - GST |
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Is supplying back of emptied containers on returnable basis a supply |
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Emptied containers/ drums of a B2B recipient are returning back for refilling and resupply. What alienates this transaction falling in the ambit of activities mentioned under Schedule-I of the GST Act. FAQ's discussed in CBIC website answers cases about value of container in the inclusivity with finished goods or main supply. Here we have the movement and supply of decanted containers only. Also, how to valuate the supply in this case Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
Activity is taxable. For valuation purpose, the best person is an CMA. Correct valuation can be arrived at only after verification of records i.e. books of account.
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