WebAug 24, 2024 · An unregistered person who sells his old and used fixed assets. An unregistered person can sell old and used fixed asset without charging any tax. But if by selling this asset he becomes liable for … WebSale and disposal of business assets. Business assets include old furniture, office equipment and non-residential property. Generally, you have to account for GST (i.e. output tax) when you: sell your business assets (including disposal of or transfer of asset to another party with consideration received); and.
HSN Code 8479: Machines and mechanical appliances having …
WebOld Used Machine Search HSN code for Old Used Machine in India Search HS Code Enter Product description Enter HS Code Get global trade data online at your fingertips Company About Us How We Help Product and Services Data Availability Why Choose Us Plan and Pricing Career We’re hiring! Our Clients Blog FAQs Contact Us OUR DATA … WebNew Equipment; New On Lot Equipment. New Ag Equipment; New Construction Equipment; New Trucks; New Trailers; New Attachments; Used Equipment. Used … brunswick poker chips
GST applicability on Sale / Disposed off used machinery
WebOct 29, 2024 · Machine was sold in the month of Sept-2024 for Rs.100000/- & GST Rs.18000/-. Machine’s useful life according to GST rule is 60 months and machine used for 30 months. Unused period is 30 months. Tax on pro rata basis =45000/- (90000/60*30). Rs.18000/- or Rs.45000/-, higher amount will be paid. WebFauquier Livestock Exchange is located in Marshall, VA and serves a wide range of farms in northern Virginia. We have sales weekly at our Marshall Sale barn as well as monthly in … WebWhat benefit you can get that is reduction of value (depreciation) and not any benefit from rate of GST for selling/supply of old machinery. Now there are different slab rates i.e. 28%, 18 %, 5% Rate will be applicable as per … brunswick police blotter 44212