commercial vehicle purchased on 1/9/2017 vehicle gst input is not claimed on that time.
sale consideration date 5/2/2021
sale time we are not collected gst amount from party
in this case gst is liability coming or not that vehicle ???
If vehicle was used for furtherance. of Business , GST applicable Margin value , difference between sale value and deprecated value on the sale date . ( Depreciation as per I T Act )
please refer notification 8/2018 Central Tax ( Rate) dated 25/1/2018 .
please confirm with others also .
CAclubindia
