We are running a hospital, and we are selling an old MRI machine, no input credit was taken at the time of purchase as our services are not liable to any output tax.
My query is whether GST needs to be charged on Transaction value on Sale of old Machinery although we have already paid tax at the time of purchase without input tax credit?
Charitable Hospital's MRI Machine Sale Subject to GST; Possible Exemptions Under Notification No. 12/17-CT Rate. A hospital, operated by a charitable trust and registered under Section 12AA of the Income Tax Act, is selling an old MRI machine. The hospital did not claim input credit during the purchase as its services are not liable for output tax. The query is whether GST applies to the sale transaction. Experts in the forum agree that GST is payable on the transaction value, even if the machine was initially purchased without input credit. However, certain exemptions under Notification No. 12/17-CT Rate may apply due to the hospital's charitable status. (AI Summary)
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