Sale of capital goods for machinery under GST and also Income tax
that machinery last income tax depreciation claim.
so what is the processor for sale of machinery under gst and Income tax.
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Sale of capital goods for machinery
Replies (2)
Sale the machinery as per your Cinsidered Sale Value with GST. After selling the goods go account the sale value...
The sale value exceed the asset value then transfer to PandL account as profit...
The sale value less than asset value then transfer to PandL account as Loss...
The sale value exceed the asset value then transfer to PandL account as profit...
The sale value less than asset value then transfer to PandL account as Loss...
Dear RAJA P M Sir.,
How to show the above details in PandL account...?
Please give Your solutions...
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