https://www.taxtmi.com/forum/issue?id=117138 The transfer may be taxable as a supply of business assets, but valuation for a depreciable asset follows the margin scheme: taxable amount equals the difference between sale consideration and written down value (WDV) per company books; earlier amounts recovered at initial purchase that were in a pre-GST period or already taxed need not be included again, and negative margins are ignored, subject to challenge on open market value. en-us Mon, 05 Apr 2021 18:46:50 +0530 Thu, 23 Jan 2025 15:54:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117138 The transfer may be taxable as a supply of business assets, but valuation for a depreciable asset follows the margin scheme: taxable amount equals the difference between sale consideration and written down value (WDV) per company books; earlier amounts recovered at initial purchase that were in a pre-GST period or already taxed need not be included again, and negative margins are ignored, subject to challenge on open market value. Discussion-Forum GST Mon, 05 Apr 2021 18:46:50 +0530 https://www.taxtmi.com/forum/issue?id=117138