TaxTMI 
TaxTMI 
TaxTMI 
GST RATE FOR USED MEDICAL EQUIPMENT FOR Charitable Hospitable
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....ST RATE FOR USED MEDICAL EQUIPMENT FOR Charitable Hospitable<br> Query (Issue) Started By: - RSuresh Goud Dated:- 6-10-2018 Last Reply Date:- 8-10-2018 Goods and Services Tax - GST<br>Got 2 Replies<br....
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....>GST<br>Dear Sir, We are running Hospital under public charitable trust Hospital. Hospital Units are Exempted from GST,However we made GST Registration under GST in order to account for reverse charg....
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....es,rent etc. We are selling our Old UltraSonography machine,which was purchased on 23/03/2011 for ₹ 18,59,000. Written down Value of above said machine as on today works out 5,09,912. Now we a....
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....re selling the above equipment to the supplier of medical equipment on byback basis against purchase of New Ultra Sonography Equoipment,for which supplier of machinery has agreed to adjust cost of byb....
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....ack old equipment for ₹ 9,00,000. Kindly intimate GST to be charged by us against sale of above said medical equipment. Kindly intimate rate of IGST and amount of IGST to be charged in bill Rep....
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....ly By Yash Jain: The Reply: Sir, Sale of ultrasonics machine is transfer of business assets As you are not trader of assets, hence gst will be charged on 900 thousand. Comments from other esteem....
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....ed members solicited. Reply By RSuresh Goud: The Reply: Thank you very much sir. Then we have to charge on total 900000. at 12 %. is it clear?<br> Discussion Forum - Knowledge Sharing ....