GST on buy back item.

This discussion addresses the Goods and Services Tax (GST) implications for TV manufacturers buying back old televisions after a 10-year period, as stipulated in government tenders. The core question revolves around the applicable GST rate on these buy-back transactions and whether they should be treated as sales returns. Experts suggest that GST will indeed be applicable on the buy-back price, as it constitutes a supply. The rate will be determined by the prevailing GST rate on TVs at the time of the buy-back, not the original sale date.