Second hand machinery purchase

1. Is GST is applicable for this purchase? and taken the same as Assest.
- Yes, Gst applicable if supplier registered under GST. Yes, It can be under FA. (note : if Gst bill then basic value only in FA)


2. GST Rate for the same?
- As per New goods rate... Commonly it's under 18 percent bracket...

3. Is the same is booked under RCM
- No. If it's from URD supplier.

Thank you for the reply Sir.

The Purchase is from URD.

Since the purchase is from URD; the same has to booked under RCM .

Please help me to make necessary entries in Tally under RCM 

Thanks once again

 

Rcm not applicable for the purchase from URD...

Dr. Capital Goods - Rs. XXXX
Cr. Supplier A/c - Rs. XXXX

So, Simple...

Perfect solution raja sir.

Thank You Mr VIKASH SAINI...