Go AD-Free with CAclubindia Pro and get Daily WhatsApp Updates. Subscribe Now!

banner_ad

sale of machines

228 views 4 replies

lokesh K R

Accountent

61 Points Posted on 22 May 2018

we have sold old machines with GST @ 12% is it right, because when we brought by that time we didn't take input tax credit, so that I need to pay out put GST please suggest me

Replies (4)

CA Naveen Chand

Chartered Accountant

12739 Points Posted on 22 May 2018

yes u have to pay tax if u have collected

Vinod Babu

24196 Points Posted on 22 May 2018

Yes. when you raise a bill and collect gst on your outward supplies, you have to pay gst to the government.

lokesh K R

Accountent

61 Points Posted on 22 May 2018

OK thanks and I need to declare this amount also in turnover cullm for fy 2018- 19

Vinod Babu

24196 Points Posted on 22 May 2018

Yes...

CCI Pro

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register

Recent Threads

More recent discussions | Post

Related Threads

Latest Job Openings

View all

Featured 02 May 2026

Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details

Featured 29 April 2026

Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details

Featured 14 April 2026

GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details

Featured 13 April 2026

GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details

Featured 28 March 2026

Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details

Featured 28 March 2026

CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details

Featured ARTICLESHIP 19 March 2026

Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details

Featured 14 March 2026

Associate CA

N N V Satish&co

Hyderabad

CA

View Details