Sale of Vehicle
Bharatheesh T Nayak (52 Points)
24 September 2017if yes what is the rate of tax?
what is HSN?
What if it is a proprietorship concern?
Bharatheesh T Nayak (52 Points)
24 September 2017
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 24 September 2017
In my view GST not applicable to "Sale of Old Car"
RAMESH KUMAR SINGLA
(PROFESSIONAL)
(1777 Points)
Replied 24 September 2017
The tax is on supply of goods. you are selling the car whether old or new which by all means is a supply. Therefore, the sale of car is subject to charge of GST. I have not seen any provision of law suggesting otherwise. The rate of tax GST + CESS will depend on the segment of the car. The HSN code is 8703.