Sale of old Plant and Machinery
This query is : Open
28 January 2021
A Company, Machinery purchased during 2015, wdv Rs.250000, sold during 2021 for Rs.325000, what will be the GST liability?. Seller is registered in GST and buyer unregistered dealer.
28 January 2021
Charge 18% GST on 3,25,000.
28 January 2021
Whether GST is on margin Rs.75000 or on the sale amount kindly confirm
28 January 2021
Whether GST is on margin Rs.75000 or on the sale amount kindly confirm
29 January 2021
It's on margin value.
29 January 2021
Charge 18% GST on Margin Value of Rs.75000/-
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