URGENT
This query is : Resolved
sandeep panwar
(Querist)
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.
Gokul Sharma
(Expert)
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.
sandeep panwar
(Querist)
22 December 2019
Sir Plz clear me how i show these transaction in returns 3B & R1.
Gokul Sharma
(Expert)
23 December 2019
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