Tax on motor cycle by an individual

Others 215 views 1 replies

please resolve it

An individual who are register under GST

wants to sale his motorcycle which are taken in to books of account 

can he liable to pay tax on it ?

 ( though under GST as well as previous vat act set off tax on motorcycle was not allowed )

please tell me remedy along with clarification and sec

 

Replies (1)
Yes... You are exactly correct. No more availability of ITC in previous Tax regime and Now...
But, You are shown in your books of accounts if it's any firm* and you are availed the Depreciation at the time of filing your ITR...

Then no way for escaping without GST sale....


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