If fixed assets are transferred or sold to a third party during FY 2023-24, the applicability of GST depends on the following scenario:
a) If the fixed assets were purchased before 01/07/2017, i.e., during the pre-GST era, and no VAT credit or CENVAT (Central Value Added Tax) was availed on them, then is GST applicable on the sale value?
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Pre GST Era fixed assets sold after GST applicability
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What is that asset...???
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