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Home  Forum Goods and Services Tax - GST This
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SALE OF PLANT AND MACHINERY, Goods and Services Tax - GST |
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SALE OF PLANT AND MACHINERY |
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Hai Sir, One of our client is a Composition dealer, and now they want to sell their Plant and Machinery, purchased before 2017, 1. whether it is taxable , if it is taxable whether invoice is raised 2. what is the gst rate( as a composition dealer can we give invoice at 1% or other rate) Please give your suggestions Thanking You Sir Posts / Replies Showing Replies 1 to 2 of 2 Records
Invoice at 1% only
Dear Mr Lagudu Sivakumar I am of the opinion that your client can raise Inv with 1% GST at the same time ask him to check his overall turnover after the addition sale of the machine and whether it does not exceed the prescribed limit.
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