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 on sale of scrapped business assets taxable where input tax credit was claimed; applicable HSN and standard rate apply. GST applies to disposal of used laptops and monitors where the transaction is a supply or where input tax credit was previously claimed; one response identified laptop classification as HSN 84713010 and treated disposals as taxable at the applicable GST rate, while an alternative view notes that if no supply exists GST is not leviable, making taxability contingent on prior ITC and the characterisation of the sale as a supply.