TMI Blogselling out the old machineryX X X X Extracts X X X X X X X X Extracts X X X X ..... first thing can any 1 tell me how to check the current value of machinery in balance sheet and second thing what is the procedure to sell the machinery we have to make a sell billl for the machinery ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or first we have to make the agreement regarding for selling the machinery how to make sale bill including gst - Reply By Ganeshan Kalyani - The Reply = Assets are accounted under an asset code i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n accounting. Pls check in your organisation for this info. Separately depreciation is accounted in separate ledger account. If you take dump of both the data and net it of. You will get written down ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... value of the asset as on the date. You can sell the asset by charging applicable tax on it. - Reply By YAGAY AND SUN - The Reply = You may refer asset register to find the assets. Agreement/PO/Co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntract should be prepared prior to selling of machine. On WDV you can pay the taxes under GST Laws. - selling out the old machinery - Query Started By: - Aditya badraika Dated:- 6-4-2018 Goods and S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ervices Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementind ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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