GST Rate & HSN Code


This query is : Resolved 

Quick Summary
This discussion clarifies the GST implications when selling an 8-year-old air conditioner, previously used as a business asset, to a scrap dealer. While MS scrap typically falls under HSN 7204 with 18% GST, GST may not apply if the asset is sold for less than its Written Down Value (WDV) on the date of sale.

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.


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
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 24 August 2026
Chartered Accountant Articles

Rohit KC Jain & Co

New Delhi

CA Inter

View Details
Company
11 August 2026
Manager / Senior Manager - Statutory Audit

CommerceCareer

New Delhi

CA

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details