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sale of used laptop

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accounts officer
178 Points Posted on 07 March 2019
i have a partnership firm

i want to sale my firm laptop (used) to another firm

current book value 18000

how can sale in gst
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On 07 March 2019 at 12:43 Report
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CA-JOB
502 Points Posted on 07 March 2019
firm laptop will be treated as Business asset and as per clause1 of schedule 1,where there is a sale of any business asset upon which itc has been claimed it will be treated as supply. So in case if your firm has claimed itc on that used laptop then it is treated as supply, otherwise not.
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On 07 March 2019 at 14:13
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Professional - CA firm
524 Points Posted on 07 March 2019
Hi,

There are specific clause in gst for calculation of value of gst in second hand goods, kindly refer that

For further assistance kindly reach out to us

HAPPY TO HELP!!

MOHIT JAGNANI
8820448170
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On 07 March 2019 at 20:46


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