05 November 2018
I am about to sell my old used vehicle purchased in 2010 & in 2012. I am Registered under GST Act as a Manufacturer of different products. Do I need to make a GST invoice for such sell? What would be the GST % & HSN? & on what amount should it be charged i.e. on consideration value or on depreciated value?
1 car's consideration value > depreciated value & other's consideration value < depreciated value.
15 November 2018
1 Vehicle's Consideration value is greater than the depreciated value, here GST will be payable on margin but other vehicle's Consideration value is lesser than depreciated value here the margin is negative, what to do in this case? Pls guide
CAclubindia
