13 July 2020
Car sold to non gst person On what tax to be charged sale minus dep as per it or per book? Whether to prepare tax invoice? How to show in Gstr 3b& gstr1? If senerio sold to regular gst person what will be the position? Documantation in both case.
13 July 2020
Valuation of used car- If depn is claimed in IT, then sale value less WDV as per IT. If depreciation not claimed in IT then sale vale less purchase value. Rate of GST will be 18% and you have to raise the tax invoice irrespective of whether buyer is registered under GST or not.