02 March 2022
Dear Sir, We are running a nurshing home and have taken GST registration due to rental income. We have sold old Medical machines X Ray and ECG Machines upto WDV will we be liable to GST. If not kindly mention the exemption notification
03 March 2022
Sir can you mention the section or notificaition as i am aware off the notification 8/2018 dealing with margin is applicable for old vehicle,kinldy quote the notificaiton or section.
03 March 2022
Sorry to Defer to Mam, But even if ITC is not claimed on the Purchases, same would be considered as Supply under GST Act. If ITC is Taken the Calculation will be Higher of ITC Reversal or GST on Transaction Value
CAclubindia
