GST on sale of Old Used Car
This query is : Resolved
06 November 2019
When Old used car we are selling whether depreciation as per IT Act to be calculated till the date of sale or what
07 November 2019
Yes , depreciation is to be calculated
in case you have claimed depreciation under income tax - GST will be on difference of consideration received and depreciated value of machine
in case you have claimed depreciation under income tax - GST will be on difference of consideration received and depreciated value of machine
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