Query on GST on sale of old Tempo (Tata ACE 702 CC capacity), used for commercial purpose by GST registered Firm.
It was purchased in 2018 for 3.8 lacs
Full ITC was claimed,
Depreciation claimed too every year.
Depreciated value as on today is 1.20 Lacs
Say sold now in July-2025 for 1.40L
GST applicable or not?
How much GST, if applicable?
CAclubindia
