Is supplying back of emptied containers on returnable basis a supply

[Bhupinder Singh]

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

AI Summary

Are Returned Containers for Refilling a Taxable Supply Under GST Act? Insights on Schedule-I Activities and Valuation. A discussion in a forum addresses whether the return of emptied containers for refilling and resupply constitutes a taxable supply under the GST Act. The issue involves determining if this transaction falls under Schedule-I activities and how to value the supply of decanted containers. A participant suggests that the activity is taxable and recommends consulting a Cost and Management Accountant (CMA) for accurate valuation based on financial records. Another participant expresses gratitude for the expert advice provided.