GST LEVY ON TFR OF BUSINESS ASSET WHERE NO ITC AVAILED, Goods and Services Tax - GST

[Akash Aggarwal]

Sale of fixed asset (business asset) for consideration by a registered dealer is liable to gst where ITC has not been availed on the said asset? Ref M/s Sameera Trading Co AAR Karnataka = 2019 (10) TMI 1094 - AUTHORITY FOR ADVANCE RULING, KARNATAKA

Posts / Replies

[PAWAN KUMAR]

Dear sir,

As per my view, it is cover under clause 4 schedule II of CGST Act, hence liable for gst.