Respected Members,
I have purchase a Vehicle in may 2023 worth Rs. 30 lakhs, and i have not claimed its ITC credit.
WDV for year ended 31.03.2024 was rs. 25.5 lakhs. Now in month of May 2024 i have sold the car for Rs. 28 lakhs.
Do I need to pay GST on the transaction and what will be the Rate of GST.
if Yes how will i Show the same in GST returns.
Pls Advice.