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OLD VEHICLE SALE

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(Querist)
29 March 2022 During the VAT period we purchased a TATA ACE worth Rs. 4 lakhs and claimed input VAT. The vehicle has now been sold for Rs 1 lakh. How to prepare GST invoice
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
29 March 2022 What is the book value of the vehicle.
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Harikrishnan

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Harikrishnan (Querist)
01 April 2022 Approximate value 1.6 Lakh
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
01 April 2022 No GST applicable as it's sold less than book value.

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