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GST LEVY ON TFR OF BUSINESS ASSET WHERE NO ITC AVAILED, Goods and Services Tax - GST |
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GST LEVY ON TFR OF BUSINESS ASSET WHERE NO ITC AVAILED |
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Sale of fixed asset (business asset) for consideration by a registered dealer is liable to gst where ITC has not been availed on the said asset? Ref M/s Sameera Trading Co AAR Karnataka = 2019 (10) TMI 1094 - AUTHORITY FOR ADVANCE RULING, KARNATAKA Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
Dear sir, As per my view, it is cover under clause 4 schedule II of CGST Act, hence liable for gst. Page: 1 Old Query - New Comments are closed. |
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