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Q. > Please Help: GST on second hand Machinery
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1709 views • Question added Sep 25, 2019 • GST • By SANTOSH RAMCHANDRA SHINDE , CA , Kolhapur


Dealer purchased second hand machinery without GST . can i sale this Machinery with charge of GST & Issue GST invoice. What is the Rate of % of GST on sale of second hand Machinery?

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Gadamsetty Samba Siva Rao

30-Sep-2019 , 11:49:52 am

Yes GST invoice to be issued and GST to be charged on Margin amount that is profit element. With respect to the rate, at what rate new machinery is taxable that rate to be adopted.

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