ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

How to calculate /Assess sale value of fixed asset ,shown in balance sheet

santwana gautam (10 Points)

25 October 2021  
Whether GST should be levied on actual sale value or on value above the depriciated amount shown in the balance sheet?

 2 Replies

sabyasachi mukherjee (6774 Points)
Replied 26 October 2021

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.

Sourav (Student) (23912 Points)
Replied 26 October 2021

On actual sales value

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  





Subscribe to the latest topics :
Search Forum:

Trending Tags