GST ON SALE OF OLD TWO WHEELER

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..... Please provide guidance on the Goods and Services Tax (GST) implications for the sale of an old two-wheeler(Bike) used in business, which is shown as a fixed asset. The two-wheeler in question was .....

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..... second hand purchased from unregistered person in july 2018 depreciation was claimed . No Gst was paid claimed as input during the acquisition of the vehicle - Reply By KALLESHAMURTHY MURTHY .....

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..... - The Reply = Dear Sir, The captioned vehicle has been taken into account as a fixed asset. When it is resold, the transaction falls u/s 7(1) of the CGST Act . So the tax is required to be coll .....

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..... ected and discharged irrespective of whether ITC was availed or not. - Reply By Shilpi Jain - The Reply = GST would be liable on sale assuming you are a registered person. This would be liable on t .....

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..... he sale value at applicable rate. - GST ON SALE OF OLD TWO WHEELER - Query Started By: - KAMAL SETHI Dated:- 10-1-2024 Last Replied Date:- 20-1-2024 Goods and Services Tax - GST - Got 2 Replies - GS .....

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..... T - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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