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Motor vehicle used in a factory (ITC not availed) being block as per sec 17. Disposal to some charitable organization for free. Discuss GST liability?
Replies (5)
no GST liability since ITC not availed
but this will be covered under entry 4 of schedule 2.. then this wud be taxable..
Firstly ITC not availed-not covered under schedule-I
secondly No consideration-not covered under Schedule II
not a supply, no question of GST..
secondly No consideration-not covered under Schedule II
not a supply, no question of GST..
entry 4 of schedule states with or without consideration. so this creates confusion.
yes agreed..covered in entry 4 schedule II, Litigation area..
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