Solved Queries
Q. 602 We have vehicle (Four Wheeler) Toyota Land Cruiser for a purchase value of Rs.1,76,78,839/- dated 17th March 2018. Vehicle Value as on 31/03/2022 is Rs.85,37,113/- (WDV). Sale value of the Vehicle is Rs.70,00,000/- Can you please clarify whether gst is applicable on the sale value of the vehicle? which section to be referred in the GST act?
Ans. Yes, GST is applicable.
Q.601 As local & state branches of Indian Medical Association , we are taking membership fees from our members . Is GST applicable on such membership ?
Ans. Yes, GST is applicable.
Q. 600 In case of manufacturing unit ITC is allowed on entire “Solar Power Generating Plant?
Ans. Yes, in the case of manufacturing units ITC is allowed.
Caution: The above opinion is framed based on the limited information available and merely a personal opinion. We will not be responsible for any damage or loss in whatever manner consequent to any action taken on the basis of any content of this opinion. We suggest you take a detailed opinion for better clarity based on extensive information and research thereof.
