Tax rate for used machinery, Goods and Services Tax - GST

[Tharini R]

We want to sell used plastic injection moulding machineries, kindly let me know the tax rate for the same.

Posts / Replies

[Alkesh Jani]

Sir,

If the said machinery is older than 5 years and if you have not availed any credit in erstwhile law, than the value shall be the transaction value. The Rate is 18%. Sl.No. 330 Ch.8438 of Notification No. 1/2017-CT (Rate) dated 28.07.2017, as amended from time to time.

Thanks

[YAGAY and SUN]

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