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
Menu
Profit on Old car gst applicable
Replies (1)
Yes GST is applicable on profit portion if business assets sold.
12 % or 18%.as per latest GST council meeting.wait for the circular.
Recent Threads
- AGM WITH SHORTER NOTICE
- 15CA/15CB Bulk Filing Automation Tool – Need
- GSTR 9 FY 2023-24 LATE FEE
- Should we go under Section 59 of IBC or Section 27
- HUF'S ISSUE
- Gst interest and penalty doubts
- TDS RATE ON RENT FOR NRI
- NBFC costing
- Taxablity of GSLI under Income Tax
- Final new course clarification
Related Threads
CAclubindia
