Working of Written Down Value

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This discussion clarifies whether GST should be charged when selling a truck that was originally purchased with GST. It confirms that GST is indeed applicable on such second-hand sales. The conversation also touches upon the concept of Written Down Value (WDV) in this context, seeking guidance on how to calculate it.

TARIQUE RIZVI

TARIQUE RIZVI (Querist)
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20 March 2020 We had purchased a truck with GST payment. Now we are selling the said truck to some other company. Should we recover GST also from the buyer on such second sale. I have heard that in such cases there is an issue of written down value also.

Herein in such case how we will workout written down value

Please guide me and oblige.