TaxTMI 
TaxTMI 
selling out the old machinery
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....elling out the old machinery<br> Query (Issue) Started By: - Aditya badraika Dated:- 6-4-2018 Last Reply Date:- 7-4-2018 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>first thing can any 1 t....
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....ell me how to check the current value of machinery in balance sheet and second thing what is the procedure to sell the machinery we have to make a sell billl for the machinery or first we have to ma....
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....ke the agreement regarding for selling the machinery & how to make sale bill including gst Reply By Ganeshan Kalyani: The Reply: Assets are accounted under an asset code in accounting. Pls check in ....
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....your organisation for this info. Separately depreciation is accounted in separate ledger account. If you take dump of both the data and net it of. You will get written down value of the asset as on th....
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....e date. You can sell the asset by charging applicable tax on it. Reply By YAGAY AND SUN: The Reply: You may refer asset register to find the assets. Agreement/PO/Contract should be prepared prior ....
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....to selling of machine. On WDV you can pay the taxes under GST Laws.<br> Discussion Forum - Knowledge Sharing ....