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Sale of old Plant and Machinery

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(Querist)
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.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 January 2021 Charge 18% GST on 3,25,000.
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Gopalakrishnan V

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Gopalakrishnan V (Querist)
28 January 2021 Whether GST is on margin Rs.75000 or on the sale amount kindly confirm



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Gopalakrishnan V

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Gopalakrishnan V (Querist)
28 January 2021 Whether GST is on margin Rs.75000 or on the sale amount kindly confirm
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
29 January 2021 It's on margin value.
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
29 January 2021 Charge 18% GST on Margin Value of Rs.75000/-

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