URGENT
This query is : Resolved
22 December 2019
I purchase a machinery as on 15.04.2018 of RS 335000 + IGST 60300 and Now I sale the machinery as on 18.11.2019 of Rs 52500 + CGST 4725 + SGST 4725. I need to reversed or Paid Rs 39195. How I show This Transaction in Gstr - 3b and Gstr 1 of Nov 2019 including sale & reversed or other.
22 December 2019
PROPORTIONATELY ITC IS TO BE REVERSED FOR THE BALANCE LIFE OF ASSET.
TAX LIABILITY ON SALE AMOUNT OF ASSET ALSO TO BE PAID.
TAX LIABILITY ON SALE AMOUNT OF ASSET ALSO TO BE PAID.
22 December 2019
Sir Plz clear me how i show these transaction in returns 3B & R1.
23 December 2019
CONTACT WITH GST PROFESSIONALS
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Price inclusive or exclusive of GST while made entry in P& L Account
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Applicability of GST on Salary Reimbursement Component
- Minimum tax payable to file Updated return
- Tds on commission charges
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Dep. as per companies act
- Salary from Qatar in Dollars in India
- Tax rate change regarding
- Renovation exp. in flat by family member
- GST Intimation due to Government took possession of Business Premises under PPE Act
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared
Getmyca Consultant Pvt Ltd
New Delhi
CA Inter
View Details
Featured
11 September 2026
Audit Executive
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
Featured
12 September 2026
Assistant Manager - Finance & Compliance
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
CCI
Pro
CAclubindia
