GST Rate & HSN Code

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04 June 2022 About 8 years old Air conditioners used as business assets in a corporate office sold to scrap dealer. What is the GST Rate & HSN Code?

05 June 2022 HSN 7204 MS Scrap of all types 18% GST applicable.

08 June 2022 Hello sir, About 8 years old Air conditioners used as business assets in a corporate office sold to dealer (2nd sale). What is the GST Rate & HSN Code?

08 June 2022 GST not applicable on such asset sold less than book value.

08 June 2022 GST will not apply if the asset is sold for less than the WDV of the asset in the books on the date of sale.


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