Business of assessee is not selling of cars i.e. car is used for directors for business purpose.
As per income tax wdv of car is Rs. 162670/- as on 31.03.2018
As per roc/books wdv of car is Rs. 4530/- as on 31.03.2018
Car sold in July 2018 for Rs. 151000/-
Car purchased in 2011 for Rs. Around Rs. 5.44 lacs.
CAR IS OF PETROL AND 1197 CC
Whether in GST applicable and if yes, at what rate ?
Please guide,
CAclubindia
