05 July 2019
Dear Experts, we have purchased a lorry in April-2013 for transporting of goods for business purchase only. Also we have not taken any ITC of Excise duty & VAT.
Now, today we want to sale this lorry while taking benefit of Notf. No. 8/2018 Central Tax (Rate) dtd. 25-01-2018. And the depreciated value is less than the consideration. (Sales Value = 4,15,000 and Depreciated value = 3,24,000). Should we charge any GST on this supply?
CAclubindia
