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
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
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
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- TAN for Partnership
- GST ON DAMAGED GOODS
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- LTCG for Assmt year 26-27
- Treatment of Pension ?annuity returns on PMVY
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
