GST On second hand Machine
Query (Issue) Started By: – girish nagareaj Dated:- 26-10-2017 Last Reply Date:- 3-4-2018 Goods and Services Tax – GST
Got 7 Replies
GST
Hi Experts,
I am planning to Purchase second hand Envelope Making machine. Does this attract GST? if yes, can you please let me know whats the percentage?
Awaiting for your reply.
Regards,
Girish
Reply By Rajagopalan Ranganathan:
The Reply:
Sir,
According to rule 32 (5) of CGST Rules, 2017 "Where a taxable supply is provided by a person dealing in buying and selling of second hand goods i.e., used goods as such or after such minor processing which does not change the nature of the goods and where no input tax credit has been availed on the purchase of suc
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I am planning to buy this Pocket envelope making machine from Gujarat. So it will be 18%(CGST@9%+SGST@9%) am I correct? If not, can you please correct me? I am planning to use this machine for myself. I am not a dealer.
Awaiting for your reply.
Regards,
Girish
Reply By KASTURI SETHI:
The Reply:
Yes. You are right.
Reply By Ganeshan Kalyani:
The Reply:
With the introduction of the GST the rate on tax on product is same across India. So a buyer can purchase within the State to save transportation cost. Thanks.
Reply By Ramaswamy S:
The Reply:
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 makin
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