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GST RATE FOR USED MEDICAL EQUIPMENT FOR Charitable Hospitable, Goods and Services Tax - GST

Issue Id: - 114210
Dated: 6-10-2018
By:- RSuresh Goud

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Dear Sir,

We are running Hospital under public charitable trust Hospital. Hospital Units are Exempted from GST,However we made GST Registration under GST in order to account for reverse charges,rent etc. We are selling our Old UltraSonography machine,which was purchased on 23/03/2011 for ₹ 18,59,000.

Written down Value of above said machine as on today works out 5,09,912.

Now we are selling the above equipment to the supplier of medical equipment on byback basis against purchase of New Ultra Sonography Equoipment,for which supplier of machinery has agreed to adjust cost of byback old equipment for ₹ 9,00,000. Kindly intimate GST to be charged by us against sale of above said medical equipment. Kindly intimate rate of IGST and amount of IGST to be charged in bill

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Showing Replies 1 to 2 of 2 Records

1 Dated: 8-10-2018
By:- Yash Jain


Sale of ultrasonics machine is transfer of business assets

As you are not trader of assets, hence gst will be charged on 900 thousand.

Comments from other esteemed members solicited.

2 Dated: 8-10-2018
By:- RSuresh Goud

Thank you very much sir. Then we have to charge on total 900000. at 12 %. is it clear?


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