There is some used fixed asets furniture & fittings in the books it is sold for Rs. 150000, then any gst is applicable? Hsn code of that product at the time of purchase 940310, then sale of this furniture if gst is applicable what is hsn code of that sale same hsn as 940310 it is sold as scrap?
On which value we need to pay gst?
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GST related query
Replies (5)
Quick Summary
Yes Gst is applicable on sale with same hsn code
Gst is applicable on sale value
Gst is applicable on sale value
If the asset purchased before gst period, then gat is applicable?
Then not applicable
That means asset purchased before gst regime then gst is not applicable (input claimed or not whatever may be gst is not applicable ) am i right?
Gst applicable
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