GST RATE FOR USED MEDICAL EQUIPMENT
Query (Issue) Started By: – RSuresh Goud Dated:- 5-10-2018 Last Reply Date:- 8-10-2018 Other Topics
Got 3 Replies
Indian Laws
Sir . We have trust Hospital. We purchased a medical equipment before 7 years back. now we want to sell that machine. now company accepted to buy the machine at 9 lakh. then how much GST rate we will collet from that company. Please Reply
\nREPLY
\nReply By DR.MARIAPPAN GOVINDARAJAN:
\nThe Reply:
\nThe buying and selling of second-hand goods will not attract Goods and Services Tax (GST) if sold at a price cheaper than the purchase price.
\nRule 32(5) of the Central Goods and Services Tax (CGST) Rules, 2017, provides that where a taxable supply is provided by a person<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n our answer. sir i am full details of my problem. -please kindly answer me = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" GST RATE FOR USED MEDICAL EQUIPMENT Query (Issue) Started By: – RSuresh Goud Dated:- 5-10-2018 Last Reply Date:- 8-10-2018 Other TopicsGot 3 RepliesIndian LawsSir . We have trust Hospital. We purchased a medical equipment before 7 years back. now we want to sell that machine. now company accepted to buy the machine at 9 lakh. … Continue reading “GST RATE FOR USED MEDICAL EQUIPMENT”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-14273","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/14273","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14273"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/14273\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14273"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14273"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14273"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nWe are running Hospital under public charitable trust Hospital. Hospital Units are Exempted from GST,However we made GST Registration under GST in order to account for reverse charges,rent etc. We are selling our Old UltraSonography machine,which was purchased on 23\/03\/2011 for ₹ 18,59,000.
\nWritten down Value of above said machine as on today works out 5,09,912.
\nNow we are selling the above equipment to the supplier of medical equipment on byback basis against purchase of New Ultra Sonography Equoipment,for which supplier of machinery has agreed to adjust cost of byback old equipment for ₹ 9,00,000. Kindly intimate GST to be charged by us against sale o<\/p>\n
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