Live Course on Drafting of Appeal and Reply of Penalty Notice by CA Sachin Sinha. Register Now!!

GST on sale of Old Machine

Manish Khandelwal (21 Points)

02 August 2017

Is there is gst liability on sale of Old machinery?

Reply
Follow
Share

18 Replies

CA Rashmi Gandhi (Chartered Accountant) (86285 Points)
Replied 02 August 2017

Yes...............

Ravi SADhiyan (Practice) (4510 Points)
Replied 02 August 2017

If Individual & HUF sale than

No Reverse charge under GST

Vinay Garg (Student cum businessman cum professional) (859 Points)
Replied 02 August 2017

it is taxable under GST.

CA Rashmi Gandhi (Chartered Accountant) (86285 Points)
Replied 02 August 2017

What are you answering Ravi

chamarthi venkatesh (Student CA Articleship) (848 Points)
Replied 02 August 2017

I think transaction must be in the course of furtherance of business

chamarthi venkatesh (Student CA Articleship) (848 Points)
Replied 02 August 2017

selling of old asset is not a sale of good

Manish Khandelwal (21 Points)
Replied 02 August 2017

Vekatesh pls read schedule II of section 7
Point No 4

2 Like

CA Rashmi Gandhi (Chartered Accountant) (86285 Points)
Replied 02 August 2017

Refer Notification No.10/2017-Central Tax (Rate) dated 28 June 2017

amit aggarwal (Tax Consultant) (59 Points)
Replied 04 August 2017

if selling is B2B, otherwise not taxable

Selvi (Senior HR & Admin) (42 Points)
Replied 04 August 2017

Chartered Accountant - Internal Auditor - CA - PKF Sridhar & Santhanam LLP - Hyderabad, Bangalore, Mumbai, Chennai

Dear Candidate,

We are looking for young & Bright Chartered Accountant:

Job Descripttion:

CA with 2 to 10 years of post-qualification experience in Internal Audit

Core auditing, process and risk management skills

Ability to prioritize tasks and work on multiple assignments

Candidate should have good managerial, administrative, risk management and mentoring skills

Strong ability to train, develop and grow team members

Willingness to invest the level of effort to meet client team priorities

Strong interpersonal skills and team player skills.

Willing to travel extensively.

Should be leading a team in their current role

Perform and control the full audit cycle including risk management and control management over operations' effectiveness, financial reliability and compliance with all applicable directives and regulations

Determine internal audit scope and develop annual plans

Obtain, analyze and evaluate accounting documentation, previous reports, data, flowcharts etc

Prepare and present reports that reflect audit's results and document process

Act as an objective source of independent advice to ensure validity, legality and goal achievement

Identify loopholes and recommend risk aversion measures and cost savings

Maintain open communication with management and audit committee

Document process and prepare audit findings memorandum

Conduct follow up audits to monitor management's interventions

Engage to continuous knowledge development

Interested Candidates please send us your updated resume in Word form to selvi.t @ pkfindia.in. Also, we request you to share this mail with some of your friends/colleagues who meet the above criteria.

Please revert me with following details along with updated resume

1) Current CTC :

2) Expected CTC :

3) Notice Period :

4) Current Location :

5) Preferred Location :

6) Available for Face to Face Interview: (kindly mention your Interview location & date)

7) Joining time:

8) Skype ID:

9) Reason for job change:

10) Total yrs of Exp:

11) Exp Excluding Article ship: