mayank goel (Student CA Final) (72 Points)
22 September 2017
shrikant toshniwal
(30 Points)
Replied 23 September 2017
Arpan Jain
(Experienced GST Consultant at G. M. Kapadia & Co. Mumbai)
(36 Points)
Replied 23 September 2017
Yes, since it is in the course of furtherance of business hence, in terms of section 7 of the CGST Act 2017 the same is liable to GST. The rate would have to be determined using the rate schedule provided under the act. The rate as is applicable to new car will be applicable to used cars too.
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