GST on sale of second hand Fixed assets
please guide regarding provisions of gst on sale of second hand fixed assets (other than motor vehicles)on which ITC is not availed...
Replies (3)
Quick Summary
You have to comply with 18(6) of cgst if you claimed ITC on such fixed supply
Fixed assets meeting the definition of capital goods, If such second hand cap goods are sold without availing itc thereon then we have to pay gst on margin money.
Required to pay GST on Margin Money
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