DEAR SUPPORT,
I WANT TO SELL MY OLD OFFICIAL CAR AFTER THE PURCHASE OF 3 YEAR CAN I CHARGE GST ON THAT AT THE TIME OF SALE.
THANKS IN ADVANCE FOR YOUR SUPPPORT
4 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 30 March 2022
Is this car stands in your Balance sheet and use for Business purpose or personal use ?. please clarify .
CA. Roopali Kadam
(Jobs on assignment basis.)
(1459 Points)
Replied 30 March 2022
Yes, you are required to charge GST on the sale of an old and used car.
Just check the valuation rule for calculating its Taxable Value.
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 03 April 2022
You have pay gst on Margin for sale of old Vehicle ( Sale price less W.D.V of the Car on the date of Transfer ) , For detail refer Notification 8 / 2018 C.T (rate ) dated 25/1/2018 .
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