FIXED ASSETS

149 views 2 replies
User Avatar

student
952 Points Joined April 2016
If any fixed asset is purchased after implementation of GST and sold after 1 year, so what will be the treatment under GST ?
0 Reply Share Follow
On 20 September 2018 at 10:56 Report
Replies (2)
User Avatar

"Do the Right Thing...!!!"
128147 Points Joined January 2015
Originally posted by : Mohit lodhi
If any fixed asset is purchased after implementation of GST and sold after 1 year, so what will be the treatment under GST ?

GST applicable for the sale of FA

1 Reply
On 20 September 2018 at 16:28
User Avatar

student
48 Points Joined November 2014
treat that as sale if asset is in good condition else treat it as scrap and discharge gst liability
Reply
On 20 September 2018 at 17:06


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading