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Assessee purchased truck on 01/01/2020, taken the ITC.

Now on 30/12/2020 he have sold the truck, what’s should be his GST liability?

80% ITC will be reversed but on what amount the ITC needs to be paid on sales?

Total sale value or some other amount?

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mant (anonymous) 0 Comments

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Sale price excluding GST or 80% of purchase value ex GST.

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