15 March 2022
Ours is a plastic cover manufacturing company located at Kerala. I have purchased a goods vehicle for the delivery of goods on 16-02-2017(VAT PERIOD) worth Rs.4,11,842.00
that is 3,59,687.34 plus 52,154.66(14.50% VAT).
Now I like to sell my vehicle for Rs. 190,000
Do I have to issue a GST bill? Then how do I issue a GST bill?
and I had ordered a new goods vehicle worth Rs. 6,50,000(including GST), for the delivery of goods. Can I avail the input GST?
16 March 2022
If you are selling it more than book value charge 18% GST only on more value. No GST on case of less value sale. Yes, you can avail input tax on new vehicle.
CAclubindia
