TMI BlogTAXABILITY OF SALE OF SECOND HAND PLANT MACHINERYX X X X Extracts X X X X X X X X Extracts X X X X ..... M/s Xyz a partnership firm unregistered in GST is selling his old plant and machinery to M/s AbC unregistered located in another state for a value of ₹ 18lakhs. m/s XYZ, seller has purchased the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... machinery in preGST era. Will M/s XYZ need to charge gst on dat? if yes den wat will be the transaction value - Reply By Ganeshan Kalyani - The Reply = Yes, GST is payable by M/a XYZ - Reply By ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... atul rathod - The Reply = Yes, Compulsory registration for inter state supply irrespective of turnover - Reply By praveenkumar mekalacheruvu - The Reply = How to calculate the trasanction value? - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply By KASTURI SETHI - The Reply = Transaction value can be arrived at by way of adopting depreciation methods as per accounting principles. There are 4 depreciation methods. Since the unit was ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... unregistered, no credit was taken on the capital goods. - TAXABILITY OF SALE OF SECOND HAND PLANT MACHINERY - Query Started By: - NAMAN DOKANIA Dated:- 14-10-2019 Goods and Services Tax - GST - Got ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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