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
CA R SEETHARAMAN
(Expert)
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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