https://www.taxtmi.com/forum/issue?id=4795 A VAT-registered seller must treat scrap as taxable goods and collect and remit VAT on scrap sales; however, if the seller's aggregate turnover for the year falls below the statutory minimum threshold an exemption may apply, relieving the seller from collecting VAT and excise obligations. The origin of the scrap (manufacturing, job work, or non-business source) is relevant to characterization and entitlement to exemption. en-us Fri, 05 Oct 2012 14:41:05 +0530 Thu, 23 Jan 2025 15:57:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4795 A VAT-registered seller must treat scrap as taxable goods and collect and remit VAT on scrap sales; however, if the seller's aggregate turnover for the year falls below the statutory minimum threshold an exemption may apply, relieving the seller from collecting VAT and excise obligations. The origin of the scrap (manufacturing, job work, or non-business source) is relevant to characterization and entitlement to exemption. Discussion-Forum VAT / Sales Tax Fri, 05 Oct 2012 14:41:05 +0530 https://www.taxtmi.com/forum/issue?id=4795