GST rate – latest on scrap of computers, monitors, keyboards,mouse& multimeter
Query (Issue) Started By: – BSNL STR Dated:- 19-3-2018 Last Reply Date:- 20-3-2018 Goods and Services Tax – GST
Got 5 Replies
GST
Sir/Madam,
What is the present rate of GST on scrap sale of computers, monitors, keyboards,mouse& multimeter ?
Regards,
CHANDRASHEKAR G
Reply By Alkesh Jani:
The Reply:
Sir, Please clarify that computer, monitor, keyboard, mouse are booked as Capital goods in your books of Account, so that our experts may get the clarity to reply.
Reply By BSNL STR:
The Reply:
Sir,
yes, these items are equipments booked as capital goods.
Regards,
CHANDRASHEKAR G.
Reply By Alkesh Jani:
The Reply:
Sir, In this regards, my point o
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manufacturer or provider of output services shall pay an amount equal to the Cenvat Credit taken on the said capital goods reduced by the percentage points calculated by straight line method as specified below for each quarter or a year or part thereof from the date of taking the Cenvat Credit, namely.
(i) for computers and computer peripherals :
For each quarter in the first year @ 10%
For each quarter in the second year @ 8%
For each quarter in the third year @ 5%
For each quarter in the fourth and fifth year @ 1%
(ii) for capital goods, other than computers and computer peripherals @ 2.5% for each quarter :
Provided that if the amount so calculated is less than the amount equal to the duty leviable on transaction value, the amoun
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