HOW MUCH PERCENTAGE GST CHARGE WHEN WE REMOVE OLD MACHINERY AS SCRAP

[BHAKTIKANT BHATT]

sir,

WE HAVE PACKAGING INDUSTRIES MANUFACTURING A PLASTIC FILM ROLL. WE WANT TO REMOVE ONE OLD MACHINERY AS A SCRAP(USE APPROXIMATELY ABOVE 10 YEARS)

KINDLY TELL ME HOW MUCH PERCENTAGE GST WE NEED TO CHARGE ON SCRAP VALUE BILL OF OLD MACHINERY REMOVE FROM FACTORY.

KINDLY GIVE YOUR VALUABLE SUGGESTION

THANKING YOU

[Alkesh Jani]

Sir, my point of view is that, as the machinery is 10 years old, the value shall be the transaction value and 18% (CGST+SGST) is applicable.

[Ganeshan Kalyani]

gst is payable on transaction value.