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?
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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.
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