Deemed Supply – Sale for a consideration below market value

Is there any GST impact if a Company sells one of its fixed assets at lower than its net book value?  (e.g. sale price at RM1.00 only)

Asked on October 20, 2016 2016-10-20 15:16:00 Business (商家)
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1 Answer(s)

Why do you have to sell at below market value?  This will effect your gain or loss on disposal of fixed assets in your accounting records.

Answered on November 12, 2016. 2016-11-12 08:56:22
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