Dear sir
we are pvt ltd co .
we have sold our asset which we bought in 2017 inclusive of GST ( we have not claimed ITC ) . We have sold the asset below the purchase price . Whether do we need to pay GST on sale of asset.
Laxmi Solar
accounts AGRO Team (3 Points)
11 February 2024Dear sir
we are pvt ltd co .
we have sold our asset which we bought in 2017 inclusive of GST ( we have not claimed ITC ) . We have sold the asset below the purchase price . Whether do we need to pay GST on sale of asset.
Laxmi Solar
RAJA P M
("Do the Right Thing...!!!")
(127196 Points)
Replied 11 February 2024
accounts AGRO Team
(3 Points)
Replied 11 February 2024
THIS IS MOTOR BIKE WE HAVE BOOKED VALUE INCLUSIVE OF GST . WE HAVE SOLD THE SAME @ 1200K , WE PURCHASED IT AT 2475K IN JAN 2018 .
WHAT COULD BE EFFECT OF SALES IN BOOKS AS PER COMPANY ACT AND INCOME TAX ACT ? DO WE NEED TO PAY GST ? IF YES @ WHAT RATE AND WHETHER THE BOOK PROFIT AS PER COMPANIES ACT OR AS PER WDV .
KINDLY GUIDE
RAJA P M
("Do the Right Thing...!!!")
(127196 Points)
Replied 11 February 2024
sabyasachi mukherjee
(26130 Points)
Replied 12 February 2024
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