TaxTMI 
TaxTMI 
Sir . We have trust Hospital. We purchased a medical equipment before 7 years back. now we want to sell that machine. now company accepted to buy the machine at 9 lakh. then how much GST rate we will collet from that company. Please Reply
GST RATE FOR USED MEDICAL EQUIPMENT
05 Oct 2018 
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GST on sale of used medical equipment: valuation depends on written down value or second hand valuation rules.
GST on sale of a used medical machine depends on whether the supply is taxable and on second hand valuation rules: if no input tax credit was availed, the taxable value is computed under the second hand goods valuation method as the difference between sale and purchase price (negative values ignored). Alternatively, transfers of assets by a registered exempt entity have been assessed using the written down value or the sale consideration, with the lower amount applied in practice. (AI Summary)
GST on sale of a used medical machine depends on whether the supply is taxable and on second hand valuation rules: if no input tax credit was availed, the taxable value is computed under the second hand goods valuation method as the difference between sale and purchase price (negative values ignored). Alternatively, transfers of assets by a registered exempt entity have been assessed using the written down value or the sale consideration, with the lower amount applied in practice. (AI Summary)