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Impact of GST on sale of goods as scrap


NISHANT SHAH (Tax Practioner)     27 February 2021

NISHANT SHAH
Tax Practioner 
 5 likes  216 points

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a persons has stock in his books of accounts. A major part of stock has become outdated and useless, so the dealer wants to sale this stock in scrap and book loss on it. what will be the impact in Income Tax and GST? Please guide.🙏




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