A firm is providing healthcare services which is exempted from GST.
In this case,
1. Whether sale of used Medical Equipment like CT Scan Machine liable for GST? 2. Whether sale of used Equipment in profit or loss would form part of aggregate turnover?
18 December 2018
Thank you sir for the reply. I have modified the query with the word "used" Medical Equipment". Will it make any changes in your answer? Also, please see the below details as an example; Purchase Value of Equipment (Rs.1 Crore plus GST @18% Rs.18 Lakhs) Rs.1.18 Crores Book Value of the Machine as on today Rs.95 Lakhs Sale Value of Machine Rs.80 Lakhs GST on Sale, if applicable @18% Rs.14.40 Lakhs
Here the Govt. is getting double tax on same equipment as the Firm couldn't take Input Tax Credit as it provides exempted service.
CAclubindia
