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Sale of old Plant and Machinery

This query is : Resolved 

Dear Sir,
We have sold some old machinery which was purchased during the VAT regime in f/y 2018-19 and on which depreciation is claimed. The Machinery is sold much below the WDV. Will we be liable to GST on it.


Yes, you will be liable to pay GST on sale value if you are registered under GST.


Bajaj Finserv

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