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Gst on used car

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(Querist)
11 August 2018 Dear Sir,

In our Ltd Company we have purchase car in 2006 year and now sold in FY 2018-19.
Purchase Cost--780000/-
Depreciation--741000/- (Till FY 2016-17)
Balance WDV ---- 39000 (Residual Value 5%)

We sold the Car for Rs.75000/-

Any GST applicable on Car Sales Bill & Some CAs say that GST is not applicable ..

Please advise the same in above matter.

Thanks & Regards
NK


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Udaya Chandran

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Udaya Chandran (Expert)
11 August 2018 Since the car is sold for Rs.75000/-, there is a margin of Rs.36000/- (75000-39000), GST is applicable on the margin.
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NK1976

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NK1976 (Querist)
11 August 2018 But other CAs advise no GST applicable .
why they are saying this type
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Udaya Chandran

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Udaya Chandran (Expert)
11 August 2018 No idea about that. You ask them why.

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