https://www.taxtmi.com/forum/issue?id=113497 Sale of discarded computer equipment treated as capital goods is taxable under GST on the depreciated value of the capital goods; the advisory states a combined GST rate of 18% and exemplifies that taxable value may exceed sale proceeds. Pre GST Cenvat guidance relevantly required reversal of credit by straight line quarterly percentages for computers and peripherals (and a different rate for other capital goods), with a floor equal to duty on transaction value, and treated clearance as scrap as requiring payment equal to duty on transaction value. en-us Mon, 19 Mar 2018 16:03:54 +0530 Thu, 23 Jan 2025 15:55:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113497 Sale of discarded computer equipment treated as capital goods is taxable under GST on the depreciated value of the capital goods; the advisory states a combined GST rate of 18% and exemplifies that taxable value may exceed sale proceeds. Pre GST Cenvat guidance relevantly required reversal of credit by straight line quarterly percentages for computers and peripherals (and a different rate for other capital goods), with a floor equal to duty on transaction value, and treated clearance as scrap as requiring payment equal to duty on transaction value. Discussion-Forum GST Mon, 19 Mar 2018 16:03:54 +0530 https://www.taxtmi.com/forum/issue?id=113497