RATE OF GST

24 September 2019

what is the GST rate on sale of old plant & machine ?
Also mention the treatment in books of accounts

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4 Replies

RAJA P M ("Do the Right Thing...!!!") (128085 Points)
Replied 24 September 2019

No more specific rate for old machineris. You can charge as per GST value of tax in the new one.

Kapadia Pravin (17259 Points)
Replied 27 September 2019

When there is no specific GST rate , it is assumed to be general rate that is 28%

RAJA P M ("Do the Right Thing...!!!") (128085 Points)
Replied 27 September 2019

Generally machineris rate under the rate @ 18%...

RAJA P M ("Do the Right Thing...!!!") (128085 Points)
Replied 27 September 2019

I received totally 28 mails in inbox at midnight to morning. Kuthunka Ejamaan Kuthunka.... 😇😇😇😇😇😇

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