https://www.taxtmi.com/forum/issue?id=113491 GST applies to the employer's sale of used assets when the transfer is a taxable supply and the seller is disposing of capital assets rather than trading in second hand goods. Taxable value must be determined under GST valuation rules and generally supports charging tax on the transaction value of the disposed asset; second hand concessions aimed at dealers do not automatically apply. Parties must also consider asset classification, reversal or adjustment of prior indirect tax credits, and the applicable tax rate for the class of goods. en-us Sat, 17 Mar 2018 10:28:04 +0530 Thu, 23 Jan 2025 15:55:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113491 GST applies to the employer's sale of used assets when the transfer is a taxable supply and the seller is disposing of capital assets rather than trading in second hand goods. Taxable value must be determined under GST valuation rules and generally supports charging tax on the transaction value of the disposed asset; second hand concessions aimed at dealers do not automatically apply. Parties must also consider asset classification, reversal or adjustment of prior indirect tax credits, and the applicable tax rate for the class of goods. Discussion-Forum GST Sat, 17 Mar 2018 10:28:04 +0530 https://www.taxtmi.com/forum/issue?id=113491