Rate of GST on sale of Monitor and Laptop as scrap.

[Prasenjit Pal]

Sir,

Monitors and one laptop were purchased in Vat regime when it was capitalized and fully depreciated over 36 mths. Now they have zero value in books.

Those are to be sold now at a total amount of ₹ 1500/-. wheather GST will be applicable and at what rate?

What is the 6 digit of HSN code of sale of scrapped monitor and Laptop

[ARVIND JAIN]

Yes GST applicable at the time of Sale . For Laptop hsn code is 84713010 and GST rate 18%. Similar rate for desktop machine. if your are all together getting 1500 than do needful to calculate in reverse mode (1500/118*100) to find out net taxable amount.

[ABHISHEK TRIPATHI]

Dear Prasenjit Ji,

If the laptop and Monitor were brought under the GST regime and ITC was taken on such laptop, then according to Sl. No. 1 of the Schedule 1 GST was applicable. “Permanent transfer or disposal of business assets where input tax credit has been availed on such assets”

Further, it may be debatable whether the selling of laptop and monitor are in the course and furtherance of business? If it is not even a supply then GST is not leviable.

Leviability of GST is doubtful.

AI Summary

GST at 18% on Scrap Sale of Depreciated Monitor and Laptop; HSN Code 84713010 for Laptops Discussed A discussion on the applicability and rate of GST on the sale of a monitor and laptop as scrap. The items, fully depreciated and valued at zero in the books, are to be sold for 1500. One participant confirms GST is applicable, with a rate of 18% for both items, and provides the HSN code 84713010 for laptops. Another participant highlights that if input tax credit (ITC) was availed, GST applies under Schedule 1. They also question whether the sale constitutes a business supply, suggesting GST applicability is uncertain.