WHAT IS THE TAX TREATMENT AND APPLICABILITY OF TAX RATE ON COMMERCIAL VEHICAL PURCHASED IN PRE-GST REGIME, ON WHICH ITC HASN'T BEEN CLAIMED, SOLD IN GST REGIME ?? WHAT ARE THE SECTIONS APPLICABLE ?
RAKSHIT MEHTA (tax consultant) (114 Points)
07 June 2018WHAT IS THE TAX TREATMENT AND APPLICABILITY OF TAX RATE ON COMMERCIAL VEHICAL PURCHASED IN PRE-GST REGIME, ON WHICH ITC HASN'T BEEN CLAIMED, SOLD IN GST REGIME ?? WHAT ARE THE SECTIONS APPLICABLE ?
Vinit22
(pune)
(31 Points)
Replied 07 June 2018
RAKSHIT MEHTA
(tax consultant)
(114 Points)
Replied 07 June 2018
NO THE TAXPAYER IS NOT ENGAGED IN DEALING OF VEHICLE, HE IS = IN TEXTILE BUSINESS, IS GST PAYABLE ON SUCH TRANSFER ?
Vinit22
(pune)
(31 Points)
Replied 07 June 2018
Vinit22
(pune)
(31 Points)
Replied 08 June 2018
CAclubindia
