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Applicability of GST on Sale of Mortgaged Movable Property

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(Querist)
03 January 2022 Dear Sir,

Please educate me on the following...

Situation:
Being a secured creditor, A Bank has sold Mortgaged Movable Property (Plant & Machinery) of the borrower through an auction.

Questions:
1) Does the Bank need to charge GST on the sale value of the mortgaged movable property ? If yes, what would be the GST Rate ?
2) What kind of documents the Bank needs to be issued ?

Thank you Sir
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
03 January 2022 See the link.
https://www.google.com/amp/s/taxguru.in/goods-and-service-tax/gst-implications-repossessed-goods.html%3famp
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ABDUL SALAM

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ABDUL SALAM (Querist)
06 January 2022 Dear Sir,
Thanks a lot for the information and support.



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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 January 2022 You are welcome.............

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