Dear sir or madam We have a business of water park. we pay GST on the income generated from it. This month we have received an other income from sale of part of generator of ₹6000 .. whether GST is applicable on such income.?
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Quick Summary
This discussion clarifies whether Goods and Services Tax (GST) is applicable to the sale of excess generator oil. The consensus is that GST is indeed applicable to the sale of oil used for a generator, even if it's considered 'other income' and disclosed in the balance sheet. It's important to confirm if Input Tax Credit (ITC) was claimed on the generator's purchase, as this can affect the GST treatment.