Old car transaction
This query is : Resolved
27 April 2025
A old car sold by gst registered company to a individual. Old car depreciated value is zero.
Old car sold at Rs. 5000/-
Is GST payable by company. If yes at which rate
Old car sold at Rs. 5000/-
Is GST payable by company. If yes at which rate
27 April 2025
Yes, GST is payable by the company at the rate of 18% on the margin; which is Rs. 5000/- in your case.
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