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SALE OF PLANT AND MACHINERY, Goods and Services Tax - GST

Issue Id: - 117956
Dated: 15-5-2022
By:- lagudu sivakumar
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

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Posts / Replies

Showing Replies 1 to 2 of 2 Records

1 Dated: 17-5-2022
By:- Nikhil Chittora

Invoice at 1% only


2 Dated: 18-5-2022
By:- V Rajalakshmi

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.


1

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