TAXABILITY OF SALE OF SECOND HAND PLANT MACHINERY

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..... TAXABILITY OF SALE OF SECOND HAND PLANT MACHINERY
Query (Issue) Started By: - NAMAN DOKANIA Dated:- 14-10-2019 Last Reply Date:- 19-10-2019 Goods and Services Tax - GST
Got 4 Replies
GST
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..... 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 .....

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..... 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 atul r .....

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..... athod: The Reply: Yes, Compulsory registration for inter state supply irrespective of turnover Reply By praveenkumar mekalacheruvu: The Reply: How to calculate the trasanction value? Reply By KAST .....

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..... URI 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 unregistered, no c .....

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..... redit was taken on the capital goods.
Discussion Forum - Knowledge Sharing .....

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