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GST Rate on Sale of Asset..
While purchasing the new AC, the GST rate is 28% then while sale of old AC what should be the GST rate?
Replies (3)
5% because it is not a sale of new AC and also it is a regarded as scrap and waste
As per my knowledge all types of scrap is not falling under the Rate of 5%. Iron, Copper, aluminum like metal scrap will fall under 18%.
And also in the present issue AC is selling as AC has to pay 28% it self. If as scrap it will be 18%.
And also in the present issue AC is selling as AC has to pay 28% it self. If as scrap it will be 18%.
I agree with 99rajendra's answer.
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