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HOW MUCH PERCENTAGE GST CHARGE WHEN WE REMOVE OLD MACHINERY AS SCRAP, Goods and Services Tax - GST

Issue Id: - 113512
Dated: 22-3-2018
By:- BHAKTIKANT BHATT

HOW MUCH PERCENTAGE GST CHARGE WHEN WE REMOVE OLD MACHINERY AS SCRAP


  • Contents

sir,

WE HAVE PACKAGING INDUSTRIES MANUFACTURING A PLASTIC FILM ROLL. WE WANT TO REMOVE ONE OLD MACHINERY AS A SCRAP(USE APPROXIMATELY ABOVE 10 YEARS)

KINDLY TELL ME HOW MUCH PERCENTAGE GST WE NEED TO CHARGE ON SCRAP VALUE BILL OF OLD MACHINERY REMOVE FROM FACTORY.

KINDLY GIVE YOUR VALUABLE SUGGESTION

THANKING YOU

Posts / Replies

Showing Replies 1 to 2 of 2 Records

Page: 1


1 Dated: 22-3-2018
By:- Alkesh Jani

Sir, my point of view is that, as the machinery is 10 years old, the value shall be the transaction value and 18% (CGST+SGST) is applicable.


2 Dated: 26-3-2018
By:- Ganeshan Kalyani

gst is payable on transaction value.


Page: 1

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