Gst on sale of old trucks
This query is : Resolved
NIRMAL DAVE
(Querist)
22 November 2018
Dear All,
A salt merchant having turnover less than 20 lakhs p.a. is selling his old trucks which were his business assets is liable to pay gst on such ttransaction?
What will be the difference if he sale such old trucks as a scrap?
Thanks.
A salt merchant having turnover less than 20 lakhs p.a. is selling his old trucks which were his business assets is liable to pay gst on such ttransaction?
What will be the difference if he sale such old trucks as a scrap?
Thanks.
CA R SEETHARAMAN
(Expert)
22 November 2018
In both the case he is not a GST registered dealer turnover less than 20 lacs hence GST not applicable on sale of old truck.
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