Dear Sir,
I am accountant of a automobiles firm we sale scrap of damage part of vehicles then GST applicable or not if yes then what is tax rate and what is the process of sale
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Automobiles firm sale scrap of damage part of vehicles then what is tax liability
Replies (1)
As per section 7 CGST Act , Dispose of scrap for consideration is supply & its also towards furtherance & in course of business
Its 18 % GST Under chaper 72
Its 18 % GST Under chaper 72
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