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TMI BlogGST RATE FOR USED MEDICAL EQUIPMENT FOR Charitable HospitableX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, We are running Hospital under public charitable trust Hospital. Hospital Units are Exempted from GST,However we made GST Registration under GST in order to account for reverse charges,rent etc. We are selling our Old UltraSonography machine,which was purchased on 23/03/2011 for ₹ 18,59,000. Written down Value of above said machine as on today works out 5,09,912. Now we ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... are selling the above equipment to the supplier of medical equipment on byback basis against purchase of New Ultra Sonography Equoipment,for which supplier of machinery has agreed to adjust cost of byback old equipment for ₹ 9,00,000 . Kindly intimate GST to be charged by us against sale of above said medical equipment. Kindly intimate rate of IGST and amount of IGST to be charged in bi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ll - Reply By Yash Jain - The Reply = Sir, Sale of ultrasonics machine is transfer of business assets As you are not trader of assets, hence gst will be charged on 900 thousand. Comments from other esteemed members solicited. - Reply By RSuresh Goud - The Reply = Thank you very much sir. Then we have to charge on total 900000. at 12 %. is it clear? - GST RATE FOR USED MEDICAL EQUIPM ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ENT FOR Charitable Hospitable - Query Started By: - RSuresh Goud Dated:- 6-10-2018 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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