Dear Friends,
Is GST applicable on Sale of car registered under company's name?
If yes, is GST applicable on Profit/Loss amount or on the entire Sale Value of the car?
Also,
If Car is under Net Block of Assets, will GST still be applicable on Sale of car?
Please help 🙏
Thanks
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GST on Sale of Company Car
Replies (2)
Quick Summary
Yes, gst to be charged on value in excess of wdv as per income tax act
Ģst to be charged on value in excess of wdv
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