TaxTMI 
TaxTMI 
Sale of old ginning machinery as scrap
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....ale of old ginning machinery as scrap <br> Query (Issue) Started By: - Allauddin Patel Dated:- 12-7-2025 Goods and Services Tax - GST <br> Got 5 Replies <br> GST<br> <br> My question is ... We had purchased cotton ginning machinery and taken itc on it... Can we sell this machinery as scrap ? If yes then should we need to mention in tax invoice ginning machinery and its hsn or scrap and its hsn ? K....
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....indly clarify me --Reply By: KASTURI SETHI The Reply: See Section 18(6) of CGST Act and Rule 40 (2) of CGST Rules. HSN has to be mentioned. --- Sub-Reply By: Allauddin Patel The Sub-Reply: Im asking either i have to mention in tax invoice old gnning machinery as goods name and hsn of that or need to mention scrap and hsn of that ? --Reply By: Sadanand Bulbule The Reply:  ....
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....;If the old ginning machinery is in working condition and want to sell it in the same condition as a single unit,you have to mention like that. Otherwise as scrap in kgs. However in both the situations, you need to mention the applicable HSN. You know your facts better than what is asked for here. Take a final call accordingly. --- Sub-Reply By: KASTURI SETHI The Sub-Reply: Sh.Sadanand Bulbule ....
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....Ji, Sir, I am indebted to you for your cognitive response/reply. --Reply By: Shilpi Jain The Reply: Tax laws cannot restrict you from selling machinery as scrap. If sold as scrap, mention the HSN of scrap and applicable rate of tax <br>***<br> Discussion Forum - Knowledge....
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