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TMI BlogChanges of HSN attracts Section 17 of GSTX X X X Extracts X X X X X X X X Extracts X X X X ..... We purchase Battery ( HSN - 8507 GST Rate 28%) without any claim from seller. In the course of reselling under our brand, few of them say 35% of total product is not as per standard or not working as per requirement. The standardised product sold at high margin with guarantee/warranty in the market. And to recover the maximum value from unstandardized /not working product we dismantle the p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... roduct through job work results into Lead and Plastic Shell, where lead consist 65% and remaining plastic shell consist 5% of the total product . Both Lead ( HSN 7801 GST rate 18%) and waste plastic shell (HSN 3915 GST rate 18%) sold in open market, which derives almost to recover 70% value of the product. OR some time due to busy schedule or to recover fast cash the unstandardized/not working ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... product sold as it is to recover 65% of value in the open market by naming Waste battery ( HSN 8548 GST rate 18%). Now my query is : Is there any part which attracts section 17 of GST ? Will TCS on sale of Waste Plastic applicable ? - Reply By Ganeshan Kalyani - The Reply = In my view no item mentioned in your query falls under sec 17(5) . - Reply By Shilpi Jain - The Reply = I t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hink your query is not very clear. Are you asking regarding reversal of credit ( s. 17(2) ) or ineligible credit ( s. 17(5) )? - Reply By Shilpi Jain - The Reply = Also if you are asking about TCS under GST, TCS is applicable under GST only when sale is made through e-commerce operator and where such e-com operator collects the consideration. - Reply By Raman Singla - The Reply = Reversal of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... credit AND TCS is Under I TAX - Reply By Shilpi Jain - The Reply = As far as your outward supply is taxable, eventhough at a lesser value or rate, reversal of credit not required. - Changes of HSN attracts Section 17 of GST - Query Started By: - Raman Singla Dated:- 26-11-2021 Goods and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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