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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GST no other incomes..
Replies (8)
Generally Yes, GST is applicable for the sale of Genset.
(But, Are You avail ITC at the time of purchase of Genset)
(But, Are You avail ITC at the time of purchase of Genset)
Sir it's sale of excess generator oil
| Originally posted by : Joshua Dsouza | ||
 |
Sir it's sale of excess generator oil |  |
Please clear,
Is this sale of generator or Oil...??!
Oil sir used for generator
Sale of part of generator gst is applicable
(Oil sir used for generator...)
Yes, GST applicable for the sale of Oil.
Yes, GST applicable for the sale of Oil.
Thank you sir 😊
D Souza disclosure in balance sheet as other income.
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