GST on old vehicle

The person to whom you selling old Vehicle is under GST registered  or not  ?. 

As per Notification 8/2018 CT (r)

Vehicle of Vat Regime Sold in GST Regime :
GST is applicable on Profit Margin (Sale-Puchase)

Perfect answers

sir it is not registered person

gst is only applicable on margin profit @ 12 or 18 % as applicable. 

Dear Smpat

It depends when you have sold. Where sold on or after 25th January 2018, then refer notification 08/2018-CT(R) & 01/2018-CC(R): Rate will be 18%/12% without cess - based upon cubic capacity and length of the car.

Also, considering you are not a dealer and credit not claimed upon purchase in 2016, then WDV as on date of supply needs to be ascertained. Difference between the sales price and WDV is the margin, upon which GST is liable. 

If sold earlier suggest you to refer to my article published in Taxmanagement India: https://www.taxmanagementindia.com/visitor/detail_article.asp?ArticleID=8338&kw=GST-on-Used-Cars 

Read more at: https://www.caclubindia.com/forum/gst-on-sale-of-old-car-500392.asp?offset=1

thanks u sir for your feedback

As per Notification 8/2018 CT (r)

Vehicle of Vat Regime Sold in GST Regime :
GST is applicable on Profit Margin (Sale-Puchase )

Vehicle Purchased & Sold in GST Regime :
If ITC claim , then GST is on transaction Value 
If ITC is not claim , then GST is on Profit Margin (Sale - Purchase)

GST Rate 12 % & 18% is applicable as per CC engine of vehicle mentioned in Notification.

More then 1500 CC , leanth exceeding 4000 MM, GST is 18%

Else ,.. 12%

So , calculate your Gst payable on sale of vehicle as per above said notification

thanks all of u

If there is loss means sale value is less than the wdv then is there any gst applicability or need to show in any gst return?

Dear Gaurav,

No, GST would not be applicable if there is a loss, it need not be shown in GST returns.