ineligible Input Tax Credits (ITCs)without actually receiving any goods and had transferred these ITCs to their various buyer units intra-state and inter-state without actually supplying any goods, with the majority of them being traders in scrap wood and lumber, leading to significant GST evasion...
GB Refiners on-sold the scrap gold in a taxable supply to PM Melt Service Pty Ltd (PMMS). The scrap gold was then sold by PMMS to the applicant, albeit not coming into the applicant’s possession. The applicant caused the scrap gold to be refined and the applicant claimed it then sol...
Chapter 47 : Pulp of wood or of other fibrous cellulosic material;recovered (waste and scrap) paper or paperboardView Full Chapter Chapter 48 : Paper and paperboard;articles of paper pulp, of paper or of paperboardView Full Chapter Chapter 49 : Printed books, newspapers, pictures and other pro...
Section 9Wood and articles of wood, Wood charcoal, Cork and articles of cork, Manufacturers of straw, of Esparto or of other Plaiting Materials, Basketwork and Wickerwork Section 10Pulp of wood or of other Fibrous Cellulosic Material, Recovered ( Waste and scrap ) paper or paperboard, paper ...
When a seller issues an invoice for goods and services, he needs to mention the HSN/SAC code in the invoice, which is based on the total turnover of his business. 4. GST Returns When the taxpayer files the GST Return, he needs to report the HSN Summary. The summary consists of the ...
of wood, agglomerated with cement, plaster or other mineral binders Articles of plaster or of compositions based on plaster; such as Boards, sheets, panels, tiles and similar articles, not ornamented Articles of cement, of concrete or of artificial stone, whether or not reinforced; such as Tile...