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Sale of capital goods

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(Querist)
11 May 2018 Dear Sir.

I have sold a old vehicle used for business as capital goods and did not take ITC during VAT regime. In this case, Will GST be paid to govt? if yes, what is GST Rate?

thanking you.
bikash rai
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
11 May 2018 Yes. Rate 12/18% on the margin. Please see notification No. 8/2018 -Central Tax
(Rate) dt. 25th January, 2018.
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Anmol Davesar

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Anmol Davesar (Expert)
12 May 2018 tax on margin

margiin= Sale value-depreciated value
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