HOW MUCH PERCENTAGE GST CHARGE WHEN WE REMOVE OLD MACHINERY AS SCRAP

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..... HOW MUCH PERCENTAGE GST CHARGE WHEN WE REMOVE OLD MACHINERY AS SCRAP
Query (Issue) Started By: - BHAKTIKANT BHATT Dated:- 22-3-2018 Last Reply Date:- 26-3-2018 Goods and Services Tax - GST
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..... 2 Replies
GST
sir, WE HAVE PACKAGING INDUSTRIES MANUFACTURING A PLASTIC FILM ROLL. WE WANT TO REMOVE ONE OLD MACHINERY AS A SCRAP(USE APPROXIMATELY ABOVE 10 YEARS) KINDLY TELL ME HOW MUCH PERC .....

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..... ENTAGE GST WE NEED TO CHARGE ON SCRAP VALUE BILL OF OLD MACHINERY REMOVE FROM FACTORY. KINDLY GIVE YOUR VALUABLE SUGGESTION THANKING YOU Reply By Alkesh Jani: The Reply: Sir, my point of view is t .....

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..... hat, as the machinery is 10 years old, the value shall be the transaction value and 18% (CGST+SGST) is applicable. Reply By Ganeshan Kalyani: The Reply: gst is payable on transaction value.
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