GST on sale of Old Machine

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Is there is gst liability on sale of Old machinery?
Replies (18)
Yes...............

If Individual & HUF sale than 

No Reverse charge under GST

it is taxable under GST.
What are you answering Ravi
I think transaction must be in the course of furtherance of business
selling of old asset is not a sale of good
Vekatesh pls read schedule II of section 7
Point No 4
Refer Notification No.10/2017-Central Tax (Rate) dated 28 June 2017

if selling is B2B, otherwise not taxable

Chartered Accountant - Internal Auditor - CA - PKF Sridhar & Santhanam LLP - Hyderabad, Bangalore, Mumbai, Chennai

 

Dear Candidate,

We are looking for young & Bright Chartered Accountant:

Job Descripttion:

CA with 2 to 10 years of post-qualification experience in Internal Audit

Core auditing, process and risk management skills

Ability to prioritize tasks and work on multiple assignments

Candidate should have good managerial, administrative, risk management and mentoring skills

Strong ability to train, develop and grow team members

Willingness to invest the level of effort to meet client team priorities

Strong interpersonal skills and team player skills.

Willing to travel extensively.

Should be leading a team in their current role

Perform and control the full audit cycle including risk management and control management over operations' effectiveness, financial reliability and compliance with all applicable directives and regulations

Determine internal audit scope and develop annual plans

Obtain, analyze and evaluate accounting documentation, previous reports, data, flowcharts etc

Prepare and present reports that reflect audit's results and document process

Act as an objective source of independent advice to ensure validity, legality and goal achievement

Identify loopholes and recommend risk aversion measures and cost savings

Maintain open communication with management and audit committee

Document process and prepare audit findings memorandum

Conduct follow up audits to monitor management's interventions

Engage to continuous knowledge development

Interested Candidates please send us your updated resume in Word form to selvi.t @ pkfindia.in. Also, we request you to share this mail with some of your friends/colleagues who meet the above criteria.

Please revert me with following details along with updated resume

1) Current CTC :

2) Expected CTC :

3) Notice Period :

4) Current Location :

5) Preferred Location :

6) Available for Face to Face Interview: (kindly mention your Interview location & date)

7) Joining time:

8) Skype ID:

9) Reason for job change:

10) Total yrs of Exp:

11) Exp Excluding Article ship:

 

Thanks & Regards

Thirumalai selvi S

Senior Executive - HR & Admin

website: www.pkfindia.in

Mobile : 91-8248645525 | Email: selvi.t @ pkfindia.in

https://www.naukri.com/recruiters/thirumalaiselvis-2536262

Please Send Me Notification Copy Old Machinery Sales Gst Rate 

https://pib.nic.in/newsite/PrintRelease.aspx?relid=167447

Yes, but after reducing from purchasing cost/pricing with sale value

if i purchase truck from individual who show truck as Fixed assetd. now i purchase for my excempted goods supply . please tell me RCM is applicable.


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