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How to calculate /Assess sale value of fixed asset ,shown in balance sheet
Whether GST should be levied on actual sale value or on value above the depriciated amount shown in the balance sheet?
Replies (2)
Assets are shown at cost less accumulated depreciation till the date of the balance sheet I. e. wdv of the asset as on the balance sheet date.
Sale value of the asset is as mutually agreed by the seller and buyer.
Sale value of the asset is as mutually agreed by the seller and buyer.
On actual sales value
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