should i buy machinery after gst or before gst which will be benefit for me

[Guest]

i want to purchase machinery from other state, should i buy the machinery before gst is implement or after gst is implement.

AI Summary

Debate on Timing Machinery Purchase Amid GST Rollout: Tax Benefits vs. Business Needs and Uncertain Dates A forum participant inquired about the optimal timing for purchasing machinery in relation to the implementation of the Goods and Services Tax (GST). Several respondents advised waiting until after GST implementation due to anticipated tax benefits, such as full credit on intra-state sales and potential lower rates. However, others highlighted the uncertainty surrounding the exact implementation date and emphasized that the decision should be based on business needs rather than solely on tax considerations. The discussion also touched on the applicability of Integrated GST (IGST) and the possibility of setting off taxes, with some suggesting monitoring government updates for new GST credit rules.