My question is ..
Proprietor purchased car and shown in fixed asset and claim depreciation on it , after few yaers he sold that car to one person . So do we need to issue tax invoice ,e invoice and eway bill ?
Kindy help me ...wdv is 500000
Sale value is 590000
GST-registered proprietor selling depreciated motor vehicle must treat sale as taxable supply, issue tax invoice and e-invoice/e-way if thresholds met A proprietorship that sells a motor vehicle that was part of its fixed assets and on which depreciation was claimed will, if registered under GST, be making a taxable supply of goods and must issue a tax invoice for the sale consideration. Whether an e-invoice must be generated depends on the statutory e-invoice threshold in force at the time; if the threshold is met, e-invoicing is mandatory. An e-way bill must be generated when the vehicle is being transported in connection with a taxable supply and the applicable e-way bill conditions/thresholds are met. If the seller is unregistered, GST consequences differ and registration may be required. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
