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IS IT GST TAXABLE ON ASSETS(TOOLS AND EQUIPMENTS,MACHINES) MOVING FOR OWN CONTRACT WORK???

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N.KRISHNAMANI SHASTRY

ACCOUNT OFFICER

58 Points Joined October 2010

A CIVIL CONTRACTING CO. HAVING GST REGISTRATIONS IN KERALA, TAMILNADU,ANDHRA,MAHARASTRAUNDER SAME COMPANY'S PAN NUMBER. HE WANTED TO MOVE HIS OWN TOOLS AND EQUIPMENTS (ASSETS); CRANE, MIXER,GEN SET,TRIPOD,PILING EQUIPMENTS..SCAFOLDINGS ETC TO STATE TO STATE FOR HIS OWN WORK..AND IT WILL MOVE TO WORKSITE TO WORKSITE...IS IT TAXABLE UNDER GST???.(NO COMPANY CANNOT PURCHASE EQUIPMENTS FOR EACH STATE) PLEASE CLARIFY.....

Replies (2)

GDR REDDY

Senior Accounts Officer

32 Points Joined July 2009

Taxable if it is inter state.Movement of goods or equipment within the state will not attract GST.

N.KRISHNAMANI SHASTRY

ACCOUNT OFFICER

58 Points Joined October 2010

THANK YOU Brother'..
BUT GOVYT DECISION WILL SPOIL CONSTRUCTION INDUSTRY SMALL STATES AND IT WILL NOT ACHIEVE SPEED IN BUSINESS AS A PM WANTS. MANY STATE CONTRACTORS ARE NOT HAVING REQUIRED MODERN EQUIPMENTS ..THEY ARE DEPENDING MAHARASTRA. BANGALORE ETC...