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?
Menu
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 :
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
Related Topics :
CAclubindia
