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Sale of truck

This query is : Resolved 
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(Querist)
07 March 2020 Ours is a pvt ltd company and we are holding two trucks which are to be sold to some other private limited company. There are certain queries on such transactions as follows :

Whether GST shall have to be paid to the supplier ?

Whether TDS shall have to be deducted by the supplier against the sale value ?

Please guide me and oblige.


Ok
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RAJA P M

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RAJA P M (Expert)
09 March 2020 What about the purchase and WDV details of the vehicle...?!
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Akash Monwani

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Akash Monwani (Expert)
09 March 2020 GST on the Vehicle Depends on whether you have availed ITC or Cenvat Credit ?
Secondly What is engine capacity of Truck?

With regards to TDS , TDS is not applicable on sale of goods including capital goods
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
25 May 2020 https://taxguru.in/goods-and-service-tax/sale-capital-goods-gst-regime.html
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