What is the GST applicable on sale or disposal of old machineries purchased before GST was enacted i.e on which. VAT and excise credit was claimed.

Reply—Entry No. 1 of Schedule I of the GST law (the CGST Act) treats a permanent transfer or disposal of business assets where ITC has been availed, as a deemed supply, even if it is without consideration.

Therefore GST is required to be charged on sale of old machinery, rate of GST will be same as applicable on new machinery.