TaxTMI 
TaxTMI 
TaxTMI 
ISSUANCE OF TAX INVOICE ON SALE OF BIKE/ CAR SHOWN IN FIXED ASSET
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....SSUANCE OF TAX INVOICE ON SALE OF BIKE/ CAR SHOWN IN FIXED ASSET<br> Query (Issue) Started By: - Allauddin Patel Dated:- 11-1-2026 Last Reply Date:- 17-1-2026 Goods and Services Tax - GST<br>Got 5 Rep....
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....lies<br>GST<br>Dear sir/ madam my question is we are registered in GST as proprietor frim. we purchased bike and car and shown in fixed asset and claim depreciation, at the time of selling bike and ....
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....car to individual person who is not register in gst, do we need to issue tax invoice to that individual ...? kindly reply to me Reply By Sadanand Bulbule: The Reply: Yes, you have to issue a GST Ta....
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....x invoice. Reply By Allauddin Patel: The Reply: According margin scheme .... If sale value is 500000 Wdv is 400000 So we need to issue tax invoice on 100000 +18% GST .....am I correct ...? If sa....
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....le value is 400000 Wdv is 500000 its loss ...so do we need issue tax invoice with zero tax rate or bill of supply ? Reply By Sadanand Bulbule: The Reply: Refer Rule 32(5) of the CGST R....
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....ules, 2017 Reply By Raam Srinivasan Swaminathan Kalpathi: The Reply: You may refer to Notification 8/2018-Central Tax (Rate) which provides clear guidance on the margin scheme enunciated by the expe....
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....rts heretofore. Thanks Reply By Shilpi Jain: The Reply: If the sale results into a loss - no GST liable and hence no document to be issued. Pls note that it is not an exempt supply just that ....
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....the valuation is zero<br> Discussion Forum - Knowledge Sharing ....