GST RATE FOR USED MEDICAL EQUIPMENT FOR Charitable Hospitable

[RSuresh Goud]

Dear Sir,

We are running Hospital under public charitable trust Hospital. Hospital Units are Exempted from GST,However we made GST Registration under GST in order to account for reverse charges,rent etc. We are selling our Old UltraSonography machine,which was purchased on 23/03/2011 for ₹ 18,59,000.

Written down Value of above said machine as on today works out 5,09,912.

Now we are selling the above equipment to the supplier of medical equipment on byback basis against purchase of New Ultra Sonography Equoipment,for which supplier of machinery has agreed to adjust cost of byback old equipment for ₹ 9,00,000. Kindly intimate GST to be charged by us against sale of above said medical equipment. Kindly intimate rate of IGST and amount of IGST to be charged in bill

AI Summary

Charitable hospital sells old ultrasound machine on buyback basis; GST applicable at 12% on full amount. A charitable hospital, registered under GST for accounting purposes, is selling an old ultrasound machine to a medical equipment supplier on a buyback basis for 9,00,000. The hospital seeks guidance on the applicable GST rate for this transaction. A respondent clarifies that since the sale is a transfer of business assets and the hospital is not a trader of such assets, GST should be charged on the full amount of 9,00,000. The hospital confirms understanding that the GST rate to be applied is 12%.