Gst on sale of fixed assets


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
06 November 2017 Dear Sir/s,

We are a company providing services in education field - to guide students for banking and finance sector. Now we are selling our fixed assets to other institute as we are closing our one centre and all the assets in the rental place will be sold to the new purchaser. Our question is that whether we should charge 18% GST on this resale or not?
Our service industries is commercial training and we are registered under GST in this head. Please guide us as early as possible.

06 November 2017 You should charge GST at the rate prescribed for each Goods sold, not at a flat rate of 18% in all cases.

06 November 2017 You should charge GST at the rate prescribed for each Goods sold, not at a flat rate of 18% in all cases.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
06 November 2017 It means if we are selling air-conditioners, furniture and fixtures, aluminium partitions, chairs etc. as per respective rates applicable in GST, right. Thanks for the reply.

06 November 2017 Exactly, the rate of GST depends upon the Goods sold.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
19 August 2026
PAID ARTCILE ASSISTANT

My Legal Tax Consultants Pvt. Ltd.

Noida

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

Jain Ankit and Co

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

K R Kiran Kumar & Associates

Bengaluru

CA Inter

View Details
Company
11 August 2026
Chartered Accountant

Aviv Global Pvt Ltd

Ahmedabad

CA

View Details
Company
14 August 2026
Article Assistant CA Articleship

Eshwar & Co Chartered Accountants - Nungambakkam

Chennai

CA Inter

View Details
Company
ARTICLESHIP 10 August 2026
Article Assistant

Suraj Garg and Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details