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

[lagudu sivakumar]

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

[Nikhil Chittora]

Invoice at 1% only

[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.