GST rate - latest on scrap of computers, monitors, keyboards,mouse& multimeter
Sir/Madam,
What is the present rate of GST on scrap sale of computers, monitors, keyboards,mouse& multimeter ?
Regards,
CHANDRASHEKAR G
Clarification on 18% GST Rate for Scrap Sale of Computers and Accessories as Capital Goods under Depreciation Rule A discussion on the Goods and Services Tax (GST) rate applicable to the scrap sale of computers, monitors, keyboards, mice, and multimeters took place. The initial query was about the current GST rate for these items when considered as capital goods. It was clarified that these items are booked as capital goods, and the GST rate is 18% on the depreciated value of the goods. An example was provided illustrating that if goods are sold for 500 with a depreciated value of 600, GST applies to 600. A case law extract was shared, detailing depreciation rates for calculating the taxable value of capital goods. (AI Summary)
Goods and Services Tax - GST