Gst on sale of Truck
This query is : Resolved
06 July 2021
Dear sir, we are in the business of transportation of goods by road, all the GST on freight is paid on RCM basis. We are selling two trucks one is purchased before GST regeim and one in June 2018. We have not taken any itc of it,. And claiming depreciation. Will we be liable for GST on sale of both trucks. Will we be liable for margin i.e above WDV or not. We have not taken any GST registration and sale value of both trucks is below. 20 lacs. But if combined with freight amount it comes to 2 crores. Do we have to take registration
06 July 2021
The transaction is taxable and therefore you will have to take registration
06 July 2021
Sir if sale price is below WDV in that case wewill not beliable for GST
06 July 2021
Yes if the sale price is below WDV there is no GST.
21 July 2021
Sir the sale price is Rs 16 lacs, do we have to take registration. And other freight receipts are Rs 2 crores. As our agreegrate turnover will be Rs 2.16 Cr or it will be Rs 16 lacs. For calculating our eligibility
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