Gst on sale of used car

Shivish Verma (C A) (376 Points)

07 February 2018  

Dear Sir


Please Guide whether Sale of old used car by any company to an individual attracts GST or not.

As per Notification No 9/2018 (attached), Explanation (i) of this notification says that if margin is negative, it shall be ignored.

Please note WDV of car is Rs100000/- and consideration would be Rs 50000/- (Hence negative margin of Rs 50000/-)


Thanks & Regards