How can I show gstr1 old car sale value

Hi Surajit,

Great question — selling an old car (fixed asset) under GST, especially as a registered proprietor, involves a few nuances in GSTR-1 reporting.

Let’s go step-by-step to clarify the accounting and how to report this in GSTR-1.

🚗 Scenario Recap:

• You sold an old car, which was part of your fixed assets.

• You calculated taxable value = Sale Value – WDV = ₹1,00,000

• GST @ 18% = ₹18,000

• Invoice Value = ₹1,18,000

👉 Now you’re unsure what to enter in GSTR-1 (B2B Table) and whether WDV needs to appear.

✅ Correct Treatment in GSTR-1 (B2B Table):

1. Taxable Value:

• This should be the amount on which GST is charged — in your case:
  ₹1,00,000

2. Invoice Value:

• This is the total value of the invoice including GST —
  ₹1,18,000

3. How to Fill in GSTR-1 B2B Table:

❌ Do Not Show WDV (₹1,50,000) in GSTR-1

• WDV is used for internal capital gains/loss calculations, but it is not reported in GSTR-1.

• Only the actual taxable value and tax amount go in the return.

❌ Do Not Report in NIL-Rated Table

• Since the car sale is taxable, do not report this in NIL-rated, exempt, or non-GST supply tables.

• Those tables are only for supplies that attract no GST.

🧾 Accounting Summary:

If:

• WDV = ₹1,50,000

• Sale Value = ₹2,50,000

• Taxable Value = ₹1,00,000

• GST @ 18% = ₹18,000

Then:

• Invoice Total = ₹1,18,000

• Capital Gain (non-GST concern) = ₹1,00,000 (handled in ITR, not GST return)

📝 Final Notes:

• If ITC was availed on the car earlier, you must charge GST on full sale value, not just profit.

• But since cars (motor vehicles) are usually not eligible for ITC, your treatment of taxing only the difference (Sale – WDV) is aligned with recent practices and rulings, if no ITC was availed originally.

Still, always confirm with your CA or tax advisor based on the ITC status of the asset and any notifications applicable at the time of purchase.