Gst on sale of old fixed assets of manufacturing plant
This query is : Resolved
25 August 2021
our manufacturing plant financed by Asset reconstruction company 15 year back and input of vat not taken by us now due to loan unpaid till date,ARC sold assets through public bid under sarfaesi act 20002
and not informed buyer detail to us / consideration of asset sale only agree to givan NOC of Loan value
now kindly guide us
1. whether GST applicable to co or not
2. in books we have adjust loan value to wdv of assets
and not informed buyer detail to us / consideration of asset sale only agree to givan NOC of Loan value
now kindly guide us
1. whether GST applicable to co or not
2. in books we have adjust loan value to wdv of assets
Lekhraj sood
(Expert)
29 August 2021
GST will be applicable.
Yes you have to book in books as sale of fixed assets.
You have to get the details of sale from asset reconstruction company.Any issue let me know
Yes you have to book in books as sale of fixed assets.
You have to get the details of sale from asset reconstruction company.Any issue let me know
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