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Gst on sale of briquetet machine

Feb 27, 2019 Feb 27, 2019 3. GST on Taxable value i.e., the consideration invoiced/to be received. If the machinery being purchased in Vat regime & sold in GST regime then the GST will be charged on sale /transaction value. If it is purchased in GST regime & no ITC was claimed then as per Schedule I, it will not be considered as supply, hence No GST will be applicable

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  • GST On second hand Machine, Goods and Services Tax - GST
    GST On second hand Machine, Goods and Services Tax - GST

    Oct 26, 2017 Oct 26, 2017 the tax is on the supply of goods and not whether it is new or old. To determine, the value of the goods for the purpose of levy - it is important whether it is new or old. The envelope making machine falls under HSN 8472. It attracts 18% GST as per the 23rd GST council recommendations for which notification is expected

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  • GST on sale of used machinery - GST - CAclubindia
    GST on sale of used machinery - GST - CAclubindia

    Jul 14, 2018 Jul 14, 2018 Dear Rajesh. Sir if the machinery being purchased in Vat regime & sold in GST regime then the GST will be charge on sale /transaction value. If it is purchase in GST regime & no ITC was claim then As per Schedule 1, it will not consider as supply , hence No GST will be applicable (As Mr. Naveen has replied) 1 Like

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  • gst on sale of building and machinery - GST
    gst on sale of building and machinery - GST

    Aug 01, 2019 Aug 01, 2019 when I sale commercial building then gst is applicable or not - GST

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  • Sale of Capital Goods in GST Regime
    Sale of Capital Goods in GST Regime

    May 04, 2020 May 04, 2020 We are a hospital if we purchased a machinery and paid gst on that machine and as we are hospital we can’t get input credit after 1.5 years that old machine has some technical issues so we contact our supplier and He is ready for exchange the machine, now new machine has come since 7 months and for old one which we have to give back our supplier asked us

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  • GST levied rate on sale or purchase of Perforating machine
    GST levied rate on sale or purchase of Perforating machine

    Jan 05, 2019 Jan 05, 2019 Minimized GST slab rate on sale or purchase of Perforating or stapling machines, pencil sharpening machine. GST rate on sale or purchase of Goods under HSN 8473. GST on Knitting machines business. GST slab rate on sale or purchase of Airports and other places using Passenger boarding bridges

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  • GST taxable rate on purchase or sale of Composting Machines
    GST taxable rate on purchase or sale of Composting Machines

    Jan 02, 2019 Jan 02, 2019 The rate of GST on Composting Machines fixed by GST council at the introduction of GST in July, 2017 is 12%. Composting Machines falls under GST HSN 8479. This details about GST rate tariff on Composting Machines is only for information. The validity of above information and amendments about GST rate on Composting Machines may be verified

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  • Supply of Old and Used Fixed Assets under GST
    Supply of Old and Used Fixed Assets under GST

    Aug 24, 2020 Aug 24, 2020 The article on sale of old and used goods under GST gives a complete and comprehensive coverage on various scenario of sale of used goods. It also deals with the second hand sale of motor vehicles too, clearly. This answers a number of usual queries coming from various formations. Thanks and regards to the author

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  • GST on Purchase & Sale of Second hand goods and Margin
    GST on Purchase & Sale of Second hand goods and Margin

    GST Rates Applicable. Since there is no distinction between new goods and second hand goods under GST Law, the GST rates to be applied to used goods would be same as if they were new goods. For example if 28% gst rate is applicable on a car, then on sale of second hand car also 28% gst rate is applicable. Dealer acting as an agent

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  • GST rate chart for construction materials
    GST rate chart for construction materials

    Sep 01, 2021 Sep 01, 2021 GST on cement. All types of super sulphate, slag, aluminous and Portland cement - whether coloured or clinkered - attract a standard GST rate of 28 percent. GST on iron and steel. All iron and steel products attract a uniform GST rate of 18 percent. It includes rods, wires, blocks and rolls. GST rate for tiles

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  • All about GST on sale of second hand goods under Margin Scheme
    All about GST on sale of second hand goods under Margin Scheme

    Dec 19, 2020 Dec 19, 2020 All about GST on sale of second hand goods under Margin Scheme. Normally as per Section 15 of the CGST Act, 2017, GST is charged on the transaction value of the supply of goods or services or both. However, in respect of second hand goods, a person dealing is such goods may be allowed to pay tax on the margin i.e. the difference between the

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  • GST for construction machines in India
    GST for construction machines in India

    Jul 01, 2017 Jul 01, 2017 For inter-state transactions and imported goods or services, an Integrated GST (IGST) is levied by the Central Government. The document is an overview of changes in the Construction machines transactions i.e. rental, resale (used machine sale/purchase) and specialized services. The source of contents is the official website of Central Board of

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  • Gst On Sale Of Briquette Machine
    Gst On Sale Of Briquette Machine

    Gst For Machinery And Machinery Parts In India. GST slab rate on sale or purchase of Machines for dried leguminous vegetables GST amount of rate on Machines for grain sorting GST slab rate on sale or purchase of Machines for milling industry GST slab rate on Machines for seed sorting GST rate on sale or purchase of Machinery for making pulp of fibrous cellulosic material

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  • SALE OF USED MACHINERY, Goods and Services Tax - GST
    SALE OF USED MACHINERY, Goods and Services Tax - GST

    Now there are different slab rates i.e. 28%, 18 %, 5% Rate will be applicable as per type of machinery. Machinery falls under Chapter 84 of GST Tariff Act. Intimate the type of machinery and function/purpose of machinery for correct GST rate. Since no ITC has been

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  • GST percentage on purchase or sale of Harvesting machinery
    GST percentage on purchase or sale of Harvesting machinery

    The rate of GST on Harvesting or threshing machinery, including straw or fodder balers; grass or hay mowers; machines for cleaning, sorting or grading eggs, fruit or other agricultural produce, other than machinery of heading 8437 fixed by GST council at the introduction of GST in July, 2017 is 12%

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