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TMI BlogHSN code and taxabilityX X X X Extracts X X X X X X X X Extracts X X X X ..... An IT company wants to sell 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... laptops) or HSN 8548 (i.e HSN 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 - T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he Reply = Pay GST @ 18 % under 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . 371 A word for word. Section 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. - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply By Sadanand Bulbule - 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? - HSN ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... code and taxability - Query Started By: - VishnuPriya R Dated:- 22-8-2024 Last Replied Date:- 29-8-2024 Goods and Services Tax - GST - Got 3 Replies - GST - Discussion Forum - Knowledge Sharing, rep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly post by an expert, 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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