Sale of fixed asset

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

24 February 2018 my company business is service provided by crane services , one old crane was sale some of amount also received gst amount ,then that amount received amount are gst tax paid or not ,if any provision is there tax liability adjustment actually crane was purchased 2012 ,sale of crane jan 2018,gst tax received in this amount is adjusted for any provision

Expert : Anonymous

Expert : Anonymous (Expert)

25 February 2018 Yes... If you have any ITC then you can adjust sale amount (tax) In your ITC