QUARRIES ABOUT SALE OF OLD FIXED ASSET ENTRY IN ACCOUNTING SOFTWARE

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HOW CAN I CONVERT OLD FIXED ASSET TO STOCK-IN-TRADE BY WHICH I CAN PASS THE SALE ENTRY OF THAT OLD FIXED ASSET AND ALSO THAT SHOULD BE REFLECT IN GSTR-1 REPORT?

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provisions of section 45(2) of the Act. Suggests that capital gain tax on sale is applicable


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