SALE OF VEHICLE(PURCHASED DURING VAT PERIOD)

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Harikrishnan (Querist)
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15 March 2022 Ours is a plastic cover manufacturing company located at Kerala. I have purchased a goods vehicle for the delivery of goods on 16-02-2017(VAT PERIOD) worth Rs.4,11,842.00

that is 3,59,687.34 plus 52,154.66(14.50% VAT).

Now I like to sell my vehicle for Rs. 190,000

Do I have to issue a GST bill? Then how do I issue a GST bill?

and I had ordered a new goods vehicle worth Rs. 6,50,000(including GST), for the delivery of goods. Can I avail the input GST?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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16 March 2022 If you are selling it more than book value charge 18% GST only on more value. No GST on case of less value sale.
Yes, you can avail input tax on new vehicle.

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