Tax rate for used machinery

Goods and Services Tax – Started By: – Tharini R – Dated:- 16-7-2018 Last Replied Date:- 18-7-2018 – We want to sell used plastic injection moulding machineries, kindly let me know the tax rate for the same. – Reply By Alkesh Jani – The Reply = Sir, If the said machinery is older than 5 years and if you have not availed any credit in erstwhile law, than the value shall be the transaction value. The Rate is 18%. Sl.No. 330 Ch.8438 of Notification No. 1/2017-CT (Rate) dated 28.07.2017, as amended

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