Gst on plant and machinery auctioned by bank

Facts

Bank has issued a auction notice wherein a Factory land and building along with plant and machinery installed therein is put to auction.

as per auction notice value of p&m and l&b are seperately mentioned

now as a bidder if someone wants to buy the property along with P&m what would be the applicability of GSt.

whether those p&m would be treated as part of immovable property as it is mostly fastened to land.

as per gst act whether gst would be payable on value of such P&M or not.
Replies (2)
Quick Summary
This discussion explores the Goods and Services Tax (GST) applicability on plant and machinery auctioned by banks, often alongside factory land and buildings. It clarifies whether such machinery, even if fastened to the land, is considered part of the immovable property and if GST is payable on its value. The consensus is that GST is generally applicable on the sale of such plant and machinery.

Gst not applicable on land and P&M gst rate as usual applicable

Regards
Amit Rathore
www.rathoretaxconsultant.com
Please note gst is applicable on purchase . So while selling those plant and machinery usually GST IS APPLICABLE.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
14 October 2026
GST & TDS ASSISTANT

AGGARWAL SANJAY & ASSOCIATES

New Delhi

B.Com

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details
Company
ARTICLESHIP 17 October 2026
Articled Assistant

RRPM & Associates LLP

Chennai

CA Inter

View Details
Company
Featured ARTICLESHIP 28 October 2026
CA- Inter and Articles

N N V Satish & Co.,

Hyderabad

CA Inter

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
28 October 2026
Assistant Director/ Associate Director-Finance & Accounting

Krea University

Chennai

CA

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details