Sirs,
Ours is Private Limited company,
We have purchased car on 29-05-2018.
The same car sold out on 01-09-2020.
on purchase input ITC not claimed, bcz ineligible.
so on sale output not charged and not collected.
So please advice not charging GST is correct or wrong. And in GSTR-1 in which table we have to show.
Thanks & Regards
Venu Prasad
It's not correct, you have to charge GST (to be calculated in prescribed manner and at prescribed rate) and also Deposit that GST to government...
And also required to be reported in GSTR 3B and 1.
CAclubindia
