Gst
This query is : Resolved
arvind r shah
(Querist)
13 July 2020
Iam a regd business person.In my query for chrging gst on sale of motorcar which was pur by paying gst i opine that gst should be charged on profit margin( sale value - wdv) at schedule rate.Bill should raised & disclosed in gstr 3 b inb to c if sold to non gst person& b2b if sold to gst reg person. Prepare tax inv & to be sown in gstr 1 also.
Lekhraj sood
(Expert)
13 July 2020
yes, you are right, if you claimed depreciation under income tax on that car.
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