Hello expert's
VAT period me mere ek client ne jcb machine kharidi thi jiska input itc claim nhi kiya gaya tha,lekin ab us jcb machine ko bechna hai to gst me kya liability rahegi??
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Gst query please check
Replies (1)
If your client is registered under GST, then while making sale invoice for JCB, he will charge GST on it.and collect GST from the buyer and pay to government before 20th of next month while filing GSTR 3B. JCB will come under HSN 8429 hence rate of GST will be 18%.
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