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,
\nI am planning to Purchase second hand Envelope Making machine. Does this attract GST? if yes, can you please let me know whats the percentage?
\nAwaiting for your reply.
\nRegards,
\nGirish
\nReply By Rajagopalan Ranganathan:
\nThe Reply:
\nSir,
\nAccording 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<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n 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. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" 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 – GSTGot 7 RepliesGSTHi 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 … Continue reading “GST On second hand Machine”<\/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-8390","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/8390","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=8390"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/8390\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nAwaiting for your reply.
\nRegards,
\nGirish
\nReply By KASTURI SETHI:
\nThe Reply:
\nYes. You are right.
\nReply By Ganeshan Kalyani:
\nThe Reply:
\nWith 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.
\nReply By Ramaswamy S:
\nThe Reply:
\nthe tax is on the supply of goods and not whether it is new or old.
\nTo determine, the value of the goods for the purpose of levy – it is important whether it is new or old.
\nThe envelope makin<\/p>\n
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