Is it correct that GST on sale of old car will be applicable on the difference between sales value and WDV ?
4 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 18 June 2022
Yes , GST applicable, please refer notification 8/2018 (CT rate) date 28/1/2018 .
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 18 June 2022
This Notification shall not apply , if Input Tax Credit has availed earlier , please go through above notification in detail .
CA Puja Sharma
(Chartered Accountant)
(5010 Points)
Replied 18 June 2022
Yes.
If the sale value is less than WDV then there will no GST.
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 18 June 2022
GST to be paid on difference in sale value and opening WDV. This provision is only in case of old car.
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