9911796707
TMI BlogHSN code and taxabilityX X X X Extracts X X X X X X X X Extracts X X X X ..... HSN code and taxability X X X X Extracts X X X X X X X X Extracts X X X X ..... its used laptops. However the laptops are no longer in a usable condition and it can only sold as scrap i.e E waste. In this case, should we use HSN 8417 (i.e HSN code for laptops) or HSN 8548 (i.e HS ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... N of E waste). Further, the sale of E waste amounts to sale of used assets and warrants ITC reversal as per section 18 (6)?. Thanks in advance Reply By KASTURI SETHI: The Reply: Pay GST @ 18 % unde ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r Chapter 85 as E-waste. See serial no. 371 A of Notification No. 6/22-CT (R) dated 13.7.22 amending original notification No. 1/17-CT (R) dated 29.06.17. Read serial no. 371 A word for word. Section ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 18(6) of CGST Act should be read with Rule 40 (2) of CGST Rules in order to fulfil the condition of, "whichever is higher". Tax on higher side has to be taken care of. Reply By Sadanand B ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ulbule:
The Reply:
Dear all
I fully endorse the express clarification of Sh.Sethi Sir ji.
Reply By Shilpi Jain:
The Reply:
Is the asset not used for more than 5 years? X X X X Extracts X X X X X X X X Extracts X X X X ..... edge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
