Is supplying back of emptied containers on returnable basis a supply

[Asked by Guest]

Emptied containers/ drums of a B2B recipient are returning back for refilling and resupply. What alienates this transaction falling in the ambit of activities mentioned under Schedule-I of the GST Act. FAQ's discussed in CBIC website answers cases about value of container in the inclusivity with finished goods or main supply. Here we have the movement and supply of decanted containers only. Also, how to valuate the supply in this case

[KASTURI SETHI]

Activity is taxable. For valuation purpose, the best person is an CMA. Correct valuation can be arrived at only after verification of records i.e. books of account.

Thankyou for your expert comment

AI Summary

Taxability of returnable empty containers confirmed; valuation requires professional verification of accounting records.
Whether supplying emptied containers returned on a returnable basis constitutes a taxable supply under GST: the activity is taxable and correct valuation requires professional appraisal based on verification of books of account by a CMA or similar expert.