https://www.taxtmi.com/forum/issue?id=114209 GST on sale of a used medical machine depends on whether the supply is taxable and on second hand valuation rules: if no input tax credit was availed, the taxable value is computed under the second hand goods valuation method as the difference between sale and purchase price (negative values ignored). Alternatively, transfers of assets by a registered exempt entity have been assessed using the written down value or the sale consideration, with the lower amount applied in practice. en-us Fri, 05 Oct 2018 16:48:21 +0530 Thu, 23 Jan 2025 15:55:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114209 GST on sale of a used medical machine depends on whether the supply is taxable and on second hand valuation rules: if no input tax credit was availed, the taxable value is computed under the second hand goods valuation method as the difference between sale and purchase price (negative values ignored). Alternatively, transfers of assets by a registered exempt entity have been assessed using the written down value or the sale consideration, with the lower amount applied in practice. Discussion-Forum Indian Laws Fri, 05 Oct 2018 16:48:21 +0530 https://www.taxtmi.com/forum/issue?id=114209