02 June 2022
Sir My one client is running business giving pokland machine on rental. He has purchases such machine in 2015-2016. That time he was not registered under VAT. So VAT set off not claimed by him under VAT . But in 2019-20 he registered himself under GST. WDV of such machine on 31.03.22 is Rs 1300000/-. Now in 2022-2023 he want to sale such machine of Rs 1200000/-. So I want to ask , in such transaction GST will be applicable or not.. Please explain in detailed .
CAclubindia
