Auction sale of collateral by banks

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Trainee
4 Points Posted on 15 January 2021
Is gst applicable when the banks sell the collateral by auction..?? For instance, a bank sells gold held as collateral. Is GST applicable for this sale..??
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On 15 January 2021 at 11:24 Report
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Accountant
4533 Points Posted on 16 January 2021
Yes applicable
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On 16 January 2021 at 19:57

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