Please Help: GST
Posted Date : 21-Jun-2017 , 10:10:11 am | Posted By deepak agarwal
Opening capital goods being motor vehicle purchased before implementation of GST, on which no credit was taken. Now on the supply of the same after implementation of GST will attract tax ?
Category : GST | Answers : 0 | Comments : 1 | Hits : 272
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Vikash Kumar saini
23-Jun-2017 , 11:42:49 amAs per section 7 of GST act supply means: the activites to be treated as supply of goods or services as referred to in schedule II, transfer of business assets under the direction of the persons carrying on the business so as no longer to form part of those assets, whether or not for a consideration, such transfer or disposal is a supply of goods by the person. It means Gst applicable on supply of motor vehicle after implementation of GST.