Residue left after peeling of wood is waste/scrap attracting 5% GST

In re Parvatiya Plywood (P) Ltd. (GST AAR Uttarakhand) (i) The residue left after peeling of wood is to be called as wood waste/scrap and is classifiable under Chapter Heading 4401 31 00 or 4401 39 00 and will attract GST @ 5% as on date. (ii) The forfeited amount pertains to service and is covered under Service Code (Tariff) 9997 94 as ‘agreeing to tolerate an act’ and leviable to GST @ 18% as on date. (iii) Refund of GST on supply turned into bad debts and supply lost/destroyed in transit are not covered under sub-section (2) of Section 97 of the CGST/SGST Act, 2017 and thus no r...