TCS Applicability on Sale of Old Car

Sejal Kumar Jain (Assistant Manager - Finance)   (102 Points)

12 May 2021  
Say, A company wanted to sale it's old car for the value of Rs. 15 lakh which includes GST of Rs. 2 lakh.
Queries:
1. whether TCS is applicable on sale of old car?
2. Whether the TCS is applicable on 13 laks or 15 lakh?
3. Whether TCS is applicable even if company sale this to an individual?