Dear sir/Madam,
I m registered in gst and I have purchased car itc not claimed but depreciation claimed so GST applicable if on profit @ 12%?
Ashis
Yes GST is applicable on profit portion if business assets sold.
12 % or 18%.as per latest GST council meeting.wait for the circular.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
