GST Rate on Sale of Asset..

This discussion clarifies the Goods and Services Tax (GST) applicable when selling a used asset, specifically an old air conditioning unit. While new ACs attract a 28% GST, the rate for selling an old one depends on its condition. If sold as a functional AC, the 28% rate likely applies. However, if sold as scrap, the GST rate could be 18% for metal scrap like iron, copper, or aluminium, rather than the 5% initially considered.