Donate machinery to trust
This query is : Resolved
28 August 2020
Dear Sir\Madam,
We are trading in machinery & we would like to give used machines to the charitable trust as a donation. So require suggestion from your goodselfs, how to generate invoices? & GST will be applicable.
Thanking you
We are trading in machinery & we would like to give used machines to the charitable trust as a donation. So require suggestion from your goodselfs, how to generate invoices? & GST will be applicable.
Thanking you
31 August 2020
in some cases, on sale of machinery, all depreciation claimed in earlier years will get reversed and will be credited to P/L as other income to be taxed.
You can donate them to any organisation. Just prepare a delivery challan with a GST invoice with Rs. 1+ GST to account the same in the books of the company.
You can donate them to any organisation. Just prepare a delivery challan with a GST invoice with Rs. 1+ GST to account the same in the books of the company.
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