GST Impact on old car sold
This query is : Resolved
Quick Summary
23 April 2021
A company hold GST Number and sold old car with profit.
any GST liability on company.. please reply as per rule or provisions applicable on company .
any GST liability on company.. please reply as per rule or provisions applicable on company .
CA R SEETHARAMAN
(Expert)
23 April 2021
18% GST applicable on profit on sale.
23 April 2021
please reply as per rule or provisions applicable on company .
CA R SEETHARAMAN
(Expert)
23 April 2021
As per rules..................
CA Puja Sharma
(Expert)
24 April 2021
You can refer to Notification No. 8/2018 -Central Tax (Rate) dated 25.01.2018
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Reward for festival
- 18% Rent a cab
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- ARCA LOGIN
- TDS Return Statement Status
- Import of Capital Machine
- Capital gain on commercial property and investment in residential property
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Rectification under processing even after 6 months cpc portal
- Movement of goods by packers and movers - type of sale - Reg.
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
