TaxTMI 
TaxTMI 
TaxTMI 
Sale of old machinery under gst
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....ale of old machinery under gst<br> Query (Issue) Started By: - Allauddin Patel Dated:- 18-6-2025 Last Reply Date:- 12-7-2025 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>My question ....
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....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 ta....
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....x 180000 (18%) Later sale Taxable value 1200000 Output tax 216000 (18%) Can we do this Reply By Sadanand Bulbule: The Reply: Yes. You can do it, since it is not blocked u....
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....nder Section 17 of the Act. Reply By YAGAY andSUN: The Reply: Yes, as a regular taxpayer, your cotton ginning factory can purchase old ginning machinery and later sell it. You can claim Input ....
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....Tax Credit (ITC) of ?1,80,000 at the time of purchase, provided the supplier issues a proper tax invoice and other GST conditions are met. When you sell the machinery for ?12,00,000, you must charge 1....
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....8% GST (?2,16,000) and pay it to the Government. This is permissible under GST law, as long as proper documentation and compliance are maintained. Reply By Allauddin Patel: The Reply: Can we sell th....
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....is machinery as scrap ? If yes then should we need to mention in tax invoice ginning machinery and its hsn or scrap and its hsn ? Kindly clarify me<br> Discussion Forum - Knowledge Sharing ....