Sale of truck

This query is : Resolved

TARIQUE RIZVI (Querist)
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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

RAJA P M

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

Akash Monwani

Akash Monwani (Expert)
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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

Aashok Kumar Sharma online

Aashok Kumar Sharma online

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

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