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B JALALUDEEN (AGM ACCOUNTS) (57 Points)
29 July 2017
we have capital asset of barges.now we are selling to the party what is the gst rate.ITC avaible to the party.
4 Replies
V.Raghunadh
(Practicing Advocate and Corporate Consultant)
(202 Points)
Replied 29 July 2017
Are You a trader of barges? But from your question I understood that this is nota regular transaction. In such case, in my opinion you are not attracted by GST
V.Raghunadh
(Practicing Advocate and Corporate Consultant)
(202 Points)
Replied 29 July 2017
Further if the party dealing with you is a dealer, let us suppose, then such person pays GST on RCM basis.
V.Raghunadh
(Practicing Advocate and Corporate Consultant)
(202 Points)
Replied 29 July 2017
And ny further selling it to some body he can avail ITC.
B JALALUDEEN
(AGM ACCOUNTS)
(57 Points)
Replied 29 July 2017
we are service provider under gst .our buyer also registered dealer using that barged for inland water transport
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