I purchased a car in 2015,and I availed ITC on vat payment,now in 2019 I sold that asset for a profit margin of RS.2,50,000, ... whether GST is applicable on the profit on sale of car, will your answer differ if asset purchased is a machinery
Prasad Royals (86 Points)
13 September 2019I purchased a car in 2015,and I availed ITC on vat payment,now in 2019 I sold that asset for a profit margin of RS.2,50,000, ... whether GST is applicable on the profit on sale of car, will your answer differ if asset purchased is a machinery
RAJA P M
("Do the Right Thing...!!!")
(127921 Points)
Replied 13 September 2019
Prasad Royals
(86 Points)
Replied 13 September 2019
RAJA P M
("Do the Right Thing...!!!")
(127921 Points)
Replied 13 September 2019
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 14 September 2019
Shivam RC
(Student)
(23683 Points)
Replied 14 September 2019
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