Easy Office
LCI Learning

GST on disposal of fixed assets


17 October 2019 I am accountant in a pvt ltd co. We want to dispose an fixed asset motor car cc 1582 which was purchased before GST.
I want to know GST rate applicable, and whether GST applicable of sale value less WDV OR  state away on sale value.
I would also like to know if tax invoice needed for this transaction.

17 October 2019 if no credit was taken then Sale value - WDV

18 October 2019 Thank you Sir, will there be need to prepare tax invoice or only receipt and journal entry suffice to account it. Awaiting




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query