28 April 2022
A car purchase and resale to emplyee at the time of his retirement at cost below its book value as per the Balance sheet after giving effect to holding period deprectiation. So whether GST has to be charge on the sale value on not ? As the sale value is lower than its current book value E.g purchase cost 50lakh Deprecition 20lakh Book value 30lakh Resale value 28lakh
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