Tax rate for used machinery
Query (Issue) Started By: – Tharini R Dated:- 16-7-2018 Last Reply Date:- 18-7-2018 Goods and Services Tax – GST
Got 2 Replies
GST
We want to sell used plastic injection moulding machineries, kindly let me know the tax rate for the same.
\nReply By Alkesh Jani:
\nThe Reply:
\nSir,
\nIf 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.8<\/p>\n
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