Tax rate for used machinery

[Tharini R]

We want to sell used plastic injection moulding machineries, kindly let me know the tax rate for the same.

AI Summary

GST on Used Plastic Injection Moulding Machinery Over 5 Years Old Set at 18% per Notification No. 1/2017-CT (Rate) A user inquired about the GST rate for selling used plastic injection moulding machinery. An expert responded that if the machinery is over five years old and no credit was availed under previous laws, the applicable tax rate is 18%, based on the transaction value, as per Notification No. 1/2017-CT (Rate). Another participant agreed with this assessment.