sir, my client sale of capital goods ( printing machine) at rs.100000. such machine was purchase Apr 2018 at rs.250000 plus gst 18 percent.
how to calculate sale value?
buyer is registered gst dealer, and how to raise invoice bill on sale of CG?
PLS EXPLAIN SIR
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Sale of capital goods
Replies (2)
1.per every quarter or part there of reduce 5% on purchase value from date of purchase to date of sale . on balance you calculate gst
2. calculate gst on sale price
3. your gst liability is liability that arises on point 1or 2 which ever is higher
2. calculate gst on sale price
3. your gst liability is liability that arises on point 1or 2 which ever is higher
This is ok
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