Gst Rate on Scarp Papers & Machinery

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..... Gst Rate on Scarp Papers & Machinery
Query (Issue) Started By: - Rajesh Mohanty Dated:- 2-5-2018 Last Reply Date:- 8-5-2018 Goods and Services Tax - GST
Got 8 Replies
GST
My uncle has a scarp business.He collects Scarp papers & machinery from all kind of institutions basically from Banks across all over the State & then he send it for recycle purpose/sale it to the factories. So my q .....

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..... uestions are: 1.Does he need to take GST registration? 2.What are the GST rates is applicable for sacrp paper & machinery? Reply By YAGAY ANDSUN: The Reply: Yes, in our view he needs to get himself registered provided he has crossed the threshold limit or he may go for composition scheme - registration. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: Difference rates are there. Please refer t .....

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..... o the tariff. Reply By YAGAY and SUN: The Reply: The Rate of GST On Recovered waste or scrap of paper or paperboard has been reduced from 12% to 5%, w.e.f. 13.10.17.Oct 15, 2017 Reply By YAGAY and SUN: The Reply: Machinery or Equipment Attracting 12% GST. The following goods under chapter 84 of the HSN code attract 12% GST. Also get these rate cross checked from your consultant/department. R .....

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..... eply By KASTURI SETHI: The Reply: I support the views of both experts. Recently there has been reduction of rate of GST on so many items. So it is necessary to confirm latest rate of tax on all items of scrap. M/s.YAGAY And SUN have made it easy for you. Reply By Ganeshan Kalyani: The Reply: registration is required if the turnover exceeds the threshold limit. paper scrap attracts 5%. Reply By .....

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..... KASTURI SETHI: The Reply: When all experts contribute on any issue, the querist gets the best advice. Contentious issue becomes clearer. Reply By Ganeshan Kalyani: The Reply: Agreed Sir.
Discussion Forum - Knowledge Sharing .....

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