WebAug 24, 2024 · An unregistered person who sells his old and used fixed assets. An unregistered person can sell old and used fixed asset without charging any tax. But if by selling this asset he becomes liable for … WebSep 20, 2024 · GST on sale of scrap or waste to unregistered person It should be noted that supply of used vehicles, seized and confiscated goods, old and used goods, waste, and …
GST on Sale of Used Goods! - TaxGuru
WebSale and disposal of business assets. Business assets include old furniture, office equipment and non-residential property. Generally, you have to account for GST (i.e. output tax) when you: sell your business assets (including disposal of or transfer of asset to another party with consideration received); and. WebJul 15, 2024 · Sale Value of Plant and Machinery: 7,00,000/-Loss on Sale of Plant and Machinery to be charged to P/L Acct: 18,494/- ... Whether Depreciation will be allowed if Input GST Credit has been claimed on Capital Goods under GST? As per Section 16(3) of the CGST Act, in case the registered taxable person has claimed depreciation on the … explain the voir dire process
Gst on sale of old machinery - GST - CAclubindia
WebHow to calculate GST on sale of old & used fixed assets ( capital goods , plant and machinery ) on which ITC availed before . In this video you will learn w... WebFauquier Livestock Exchange is located in Marshall, VA and serves a wide range of farms in northern Virginia. We have sales weekly at our Marshall Sale barn as well as monthly in … WebSep 23, 2024 · A sold his machinery for Rs. 1,26,000/- (inclusive of GST @18% – Rs. 19,220/-) on 11.05.2024 which he purchased on 01.07.2024 for Rs. 2,15,000/- (inclusive of Rs. 32,797/- GST @ 18%). As per … explain the vroom-jago contingency model