Sale of Fixed Assets
This query is : Resolved
01 February 2020
Sir, Our Company want to Sale of old and used Fixed Assets (Iron Ore Crusher) purchased 10 year back, So whether Gst Liability Applicable and How Much and what will be the HSN code of above assets.
01 February 2020
Yes GST is applicable on sale of used machinery. It covers under HS code 84 and attract GST @ 18%.
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