Gst on sale of used laptop

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August undefined, 2024

WebOct 30, 2024 · GST on Sale of Fixed Assets in India (2024 Update) File All Your GST Returns with Gen GST Software (Available in Desktop and Online (Cloud) Variant) Due Dates: GSTR 3B, GSTR 1, (GSTR 9, and GSTR 9C) and GSTR 4 Respectively as Follows: 20 March, 11 March , 31 March and 18 Apr 2024 (Read a Guide) Get A Free Demo Now !! WebFeb 10, 2024 · The introduction of GST has brought uniformity in product prices all over the country. Under the VAT regime, mobile phones were taxed at 5% along with 1% excise duty. In some states like Gujarat, the tax rate was as high as 14%. Thus, anyone would purchase from selected dealers where the price was low.

Tax Impact of sale of Fixed Assets by Company to its employees

WebMar 19, 2024 · (ii) for capital goods, other than computers and computer peripherals @ 2.5% for each quarter : Provided that if the amount so calculated is less than the amount … WebAug 24, 2024 · Rate of GST on old Motor Vehicles as per Notification No.8/2024 Central Tax (Rate) Q 1. A registered person who sells his old and used fixed assets. If the registered person sells such assets on which … horiba raman manual

B-084R Treatment of Used Goods - Canada.ca

WebAug 28, 2024 · The rate of GST applicable on a supply made by the applicant of desktops consisting together of CPU, monitor, keyboard and mouse classifiable under CTH 8471 is taxable @ 9% CGST as per Notification No. 01/2024-C.T. (Rate) dated 28.06.2024 & 9% -SGST under Notification No.II (2)/CTR/532(d-14)/2024 vide G.O. (Ms) No. 72 dated … WebDec 19, 2024 · GST Invoice Format in Excel. Here are the steps you need to follow to create GST invoice using excel: 1. Open Microsoft Excel. Open Microsoft Excel, click on ‘File’ tab and then select ‘New’ from the … horiba ph meter manual laqua-ph2000

GST on Desktop supplied with CPU, monitor, keyboard & mouse

GST rate - latest on scrap of computers, monitors, …

WebAug 3, 2024 · Employer bought laptop from Vendor for company use in 2024 = 70,000 (including 18% GST) [ 59,323 + 10677 (18% GST) = 70,000) 2. Employer for some … WebNov 11, 2024 · In terms of the GST regime, the scrap doesn’t have to test and pass through the manufacture or the mechanical process. The scrap is the supply of tax under GST … horiba salaireWebAug 11, 2024 · The input of GST on the same is also claimed by the company. The company capitalizes the laptops as fixed assets and charges depreciation every year … fc balzan

"WebThe applicable GST rate on IT accessories such as LAN and data cables is set at 28% each; earlier, the applicable rate was 17.5%. Other accessories such as fax machines, photocopying machines, ink cartridges, and more come with a GST rate of 28% as opposed to the 18% rate levied earlier. " - Gst on sale of used laptop

Gst on sale of used laptop

Gst applicable on used laptops bought from the employer

WebJan 15, 2024 · What is the applicability of GST on laptops? GST is now levied at a rate of 18% on laptops, hence taking the total price a little higher than what consumers would … Web9 rows · Apr 9, 2024 · IGST - Interstate Goods and Services Tax. The total applicable GST rate on laptops is equivalent ...

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WebNov 21, 2024 · There is a flat rate of 18% GST on laptops and other electronic accessories as decided by the GST council. This means that if you purchase a laptop from a local … WebMar 19, 2024 · Further, if the goods are sold at ₹ 500/- and the depreciated value is ₹ 600/- then the value of the goods shall be ₹ 500/- and taxable value shall be 600/- and GST will be applicable on ₹ 600/- @ 18%. Our experts may correct me if mistaken 4 Dated: 19-3-2024 By:- Ganeshan Kalyani yes i agree. 5 Dated: 20-3-2024 By:- KASTURI SETHI Dear …

WebSale and disposal of business assets. Business assets include old furniture, office equipment and non-residential property. Generally, you have to account for GST (i.e. output tax) when you: sell your business assets (including disposal of or transfer of asset to another party with consideration received); and. WebApr 23, 1996 · ELIMINATION OF NOTIONAL INPUT TAX CREDITS. For supplies made on or before April 23, 1996, registrants were entitled to claim notional ITCs for the acquisition of used tangible personal property supplied in Canada by way of sale, where the GST was not payable by the registrant in respect of the supply and the property was acquired for the …

WebMay 20, 2024 · Yes GST applicable at the time of Sale . For Laptop hsn code is 84713010 and GST rate 18%. Similar rate for desktop machine. if your are all together getting 1500 … WebMar 16, 2024 · Solve Q1 Assuming Laptop was sold to Employee for Rs.6000 and not gifted ---answer-- Value of taxable Perquisite= 10000 – 6000 = 4000 Q3 The company …

WebJul 5, 2024 · All the goods and services are taxed under seven slabs – 0%, 0.25%, 3%, 5%, 12%, 18% and 28% on the ...

WebHSN Code. Product Description. 8517. Telephone sets, including telephones for cellular networks or for other wireless networks; other apparatus for the transmission or … fc balzan maltaWebMar 7, 2024 · firm laptop will be treated as Business asset and as per clause1 of schedule 1,where there is a sale of any business asset upon which itc has been claimed it will be treated as supply. So in case if your firm has claimed itc on that used laptop then it is treated as supply, otherwise not. Online GST Certification Course fc ballkani vs llapiWebSale and disposal of business assets. Business assets include old furniture, office equipment and non-residential property. Generally, you have to account for GST (i.e. … horiba sepa-500WebMay 16, 2024 · Once a proprietorship becomes a GST registrant than they must apply GST to the sale of any service, goods, or asset. The GST rules are based on the type of supply. Ordinarily, all supplies are GST rated unless otherwise specified. Some supplies are Zero rated. Some supplies are exempt. fc balzers liWebOct 13, 2024 · Let us Understand with an Example. Purchasing Value of Assets is Rs 50,0000 + 18% of GST is (9000) = Total Value of Asset is Rs 59,000, ITC Taken = Rs 9,000. So ITC of balance useful life = 9000*5/60 = Rs 750 (Amount) Let’s assume actual consideration amount is Rs 4000. horiba ph meter manualWebAug 21, 2024 · Total GST applicable to laptops and desktops is equal to CGST (50%) + SGST (50%). Thus 18% GST on laptops/desktops and their accessories equal 9% … horiba radi pa1100WebLapMall Store is GST and Trademark Registered firm a wholesalers and Importer/ Exporters of Used Multi Brand Laptops/Desktop and Servers in Bulk Quantities. We are proud of our Emphasis on... fc balzers 2