Will gst be incurred on the sale of a 15 day old used phone which had been bought through gst invoicing for which ITC has not been claimed yet?
Query regarding selling of phone bought through gst invoicing
Replies (1)
If you are selling the phone as part of your business, it is a taxable supply, and you must charge GST (either on the full value or the margin). If you are selling the phone as a private individual, no GST is applicable.
Recent Topics :
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
Related Topics :
CAclubindia
