Gst Rate on Scarp Papers & Machinery

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..... 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 questions 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 .....

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..... 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 to 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.Oc .....

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..... t 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. - Reply 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 nec .....

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..... essary 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 KASTURI SETHI - The Reply = When all experts contribute on any issue, the querist gets the best advice. Contentious issue becomes clearer. .....

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..... - Reply By Ganeshan Kalyani - The Reply = Agreed Sir. - Gst Rate on Scarp Papers & Machinery - Query Started By: - Rajesh Mohanty Dated:- 2-5-2018 Goods and Services Tax - GST - Got 8 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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