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

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.