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GST on sale of Motor Car

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(Querist)
11 April 2022
Whether GST to be taken on actual sale value or on book profit on sale of motor car ?
and How to show GST on sale of Motor Car for a Pvt Ltd Co in GSTR 1 & GSTR 3B?

There is profit as per books & loss due to Depreciation as per Income Tax act
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
11 April 2022 GST to be taken on book profit on sale of motor car.
Show in GSTR only book profit and 18% GST on it.

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