Sale of old machinery under gst

[Allauddin Patel]

My question 

Dear sir ..

I works in cotton ginning factory (regular taxpayer)..

Can we purchase old ginning machinery and sale this machinery later??

Assume if we purchase 

Taxable value 1000000

Input tax  180000 (18%)

Later sale 

Taxable value  1200000

Output tax 216000 (18%)

Can we do this 

AI Summary

GST on sale of used machinery: Input Tax Credit at purchase allowed; resale is a taxable supply requiring GST and proper documentation.
Replies state a regular taxpayer may claim Input Tax Credit on purchase of used ginning machinery if supplied with a proper tax invoice and other GST conditions are met; on resale the transfer is a taxable supply requiring GST at the applicable rate on the taxable value, with proper documentation and compliance. A question remains whether an invoice for sale as scrap should describe the item as ginning machinery with its HSN or as scrap with a scrap HSN.