Implication of GST & Income tax on purchase of a second hand machine

Goods and Services Tax – Started By: – Kishore Padav – Dated:- 8-5-2018 Last Replied Date:- 9-5-2018 – Our Company had sold an equipment to a customer (A) in May 2017 @ ₹ 20 lakhs (incl. CST). The customer (A) has paid us only ₹ 7 lakhs till date.He has expressed his inability to pay the balance ₹ 13 Lakhs and has asked the company to take back his machine or help him sell his machine. Now we have found a customer (B) who has agreed to purchase the machine @Rs.13 Lakhs from hi

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