22 January 2025
Car Purchased in 2018 for INR 5 Lacs under Business Entity. As on 31-Dec-24 Book Value of Car after depreciation as per company law is Rs 2 Lacs on 31-Dec-24 the same car is sold for 2.10 Lacs. Hence as per New GST rules GST is applicable on sale of old car so please suggest on which amount GST is applicable?