12 June 2024
sir, my friend running service business . He has car , that is purchased through company account . During 23-24 he is sold this car and purchase new car. He got value of consideration of car is lower than written down value of car. Let's me know what is the impact in GST in this case. one more doubt if profit get in this transaction , what is the impact in GST. please advise
CAclubindia
