My father in law have a workshop in west Bengal. The machineries in workshop were purchased some 15-20 years back. He expired 5 years back. The workshop was closed after that. Now we decided to sell those old machineries only to a person from nearby Bihar state. Please suggest what are the tax we have to paid for this transaction. Does any tax is to be paid for interstate transfer.
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Regarding gst
Replies (1)
Yes if the Machinery is sold for more than 20Lacs need to deposit the GST.
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