Tax on Old Imported Machinery

[Gaurav Arora]

Hi,

I want to sell my old Imported Machinery. And the buyer is in South India and I'm In North India.

So I just want to Know how I can send him the machinery, covering GST parameters.. and how much GST will be charged.

Machines was imported in 2011.

Thanks

Gaurav Arora

AI Summary

GST on sale of used imported machinery requires tax on transaction value if no input tax credit; registration needs reactivation.
Where input tax credit was taken on capital goods, section 18(6) requires payment equal to either the residual ITC reversal (as prescribed) or tax on the transaction value, whichever is higher. If no input tax credit was claimed on the imported machinery, GST must be charged on the transaction value. Cancellation does not relieve tax liability: outstanding GSTR-1 and GSTR-3B must be filed before cancellation, and a final return must be filed after cancellation; reactivation of registration may be necessary to remit tax.