Query - "A" (Registered in GST) who is into business of Health Care and making exempt supply. A Co. has machinery on which they didn't claim the ITC at the time of buying machine.
Now Co. A has there branch in Bihar having the different GSTIN "B" (registered in GST) wants to transfer the machinery to "B". What would be the implications of GST on this transaction? Wheatear "A" has to charge the GST from "B" or not?
Menu
Old used matarials
Replies (1)
Compulsory has to pay GST on the value as per Market price of said machinery at applicable rates.
Recent Topics :
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
- Remittance to italy
- Invoice made but goods not sent
Related Topics :
CAclubindia
