Chartered Accountant in Practice
1260 Points
Posted on 06 April 2023
Sale of fixed asset is taxable under GST.
The same has to be shown in table 4 of GSTR-1 if the sale is B2B sale and table 7 if the sale is B2C.
Sale of fixed asset would be considered as a part of your aggregate turnover for the purpose of GST.
GST payable on fixed assets should be computed in terms of Section 18(6) of the CGST Act read with Rule 44 of the CGST Rules