Sale of capital goods
This query is : Resolved
tatineni purnima
(Querist)
01 December 2018
We are engaged in Works Contract Service. We want to sale one of our used machinery (JCB) (capital goods) which was purchased in 2009 on which we have not taken any input credit at the time of purchase. Please suggest GST treatment on such sale. Should I pay GST on sale value
Rajesh Kumar
(Expert)
04 December 2018
It is supply of second hand goods, which attract the same rate of GST as new goods. You shall be paying GST on this transaction on transaction value.
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