Impact of sale of used cars
This query is : Resolved
RAMAKRISHNA
(Querist)
12 February 2018
Our friend is having a car , he has to sell the car (make 2007) and is having proprietor fim ( registered in gst) . car is in his name but took loan from bank and.installments are paying through his business account . if he sells the car , is it gst applicable on used car . he is selling to individual person . please clarify it sir.
Our friend is having a car , he has to sell the car (make 2007) and is having proprietor fim ( registered in gst) . car is in his name but took loan from bank and.installments are paying through his business account . if he sells the car , is it gst applicable on used car . he is selling to individual person . please clarify it sir.
CA R SEETHARAMAN
(Expert)
13 February 2018
GST not applicable on sale of old car by individuals.
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