OLD VEHICLE SALE
This query is : Resolved
Quick Summary
Harikrishnan
(Querist)
29 March 2022
During the VAT period we purchased a TATA ACE worth Rs. 4 lakhs and claimed input VAT. The vehicle has now been sold for Rs 1 lakh. How to prepare GST invoice
CA R SEETHARAMAN
(Expert)
29 March 2022
What is the book value of the vehicle.
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Harikrishnan
(Querist)
01 April 2022
Approximate value 1.6 Lakh
CA R SEETHARAMAN
(Expert)
01 April 2022
No GST applicable as it's sold less than book value.
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