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Sale of fixed assets

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(Querist)
03 January 2020 what is the gst treatment in sale of fixed assets by way of cash at the time of closing of business
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CA Anita Bhadra

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CA Anita Bhadra (Expert)
04 January 2020 If fixed asset is sold to any person with consideration whether in cash or kind then it is covered under the definition of supply and chargeable to Tax, irrespective of the fact that ITC availed or not .

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