TaxTMI 
TaxTMI 
Sir/Madam,
What is the present rate of GST on scrap sale of computers, monitors, keyboards,mouse& multimeter ?
Regards,
CHANDRASHEKAR G
GST rate - latest on scrap of computers, monitors, keyboards,mouse& multimeter
19 Mar 2018 
5 Replies 
19018 Views Asked by
GST on capital goods scrap: taxable value based on depreciated value, with credit reversal rules applying.
Sale of discarded computer equipment treated as capital goods is taxable under GST on the depreciated value of the capital goods; the advisory states a combined GST rate of 18% and exemplifies that taxable value may exceed sale proceeds. Pre GST Cenvat guidance relevantly required reversal of credit by straight line quarterly percentages for computers and peripherals (and a different rate for other capital goods), with a floor equal to duty on transaction value, and treated clearance as scrap as requiring payment equal to duty on transaction value. (AI Summary)
Sale of discarded computer equipment treated as capital goods is taxable under GST on the depreciated value of the capital goods; the advisory states a combined GST rate of 18% and exemplifies that taxable value may exceed sale proceeds. Pre GST Cenvat guidance relevantly required reversal of credit by straight line quarterly percentages for computers and peripherals (and a different rate for other capital goods), with a floor equal to duty on transaction value, and treated clearance as scrap as requiring payment equal to duty on transaction value. (AI Summary)