GST on sale of Motor Car
This query is : Resolved
11 April 2022
Whether GST to be taken on actual sale value or on book profit on sale of motor car ?
and How to show GST on sale of Motor Car for a Pvt Ltd Co in GSTR 1 & GSTR 3B?
There is profit as per books & loss due to Depreciation as per Income Tax act
Whether GST to be taken on actual sale value or on book profit on sale of motor car ?
and How to show GST on sale of Motor Car for a Pvt Ltd Co in GSTR 1 & GSTR 3B?
There is profit as per books & loss due to Depreciation as per Income Tax act
11 April 2022
GST to be taken on book profit on sale of motor car.
Show in GSTR only book profit and 18% GST on it.
Show in GSTR only book profit and 18% GST on it.
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