E- invoice-2
This query is : Resolved
11 February 2026
Hello,
I would like to know whether an e-invoice is required when a registered person sells a motor car to another registered person and the sale price is lower than the WDV.
If yes:
What is the taxable value under GST in this case?
How should the e-invoice be prepared (format and key details)?
Thank you.
I would like to know whether an e-invoice is required when a registered person sells a motor car to another registered person and the sale price is lower than the WDV.
If yes:
What is the taxable value under GST in this case?
How should the e-invoice be prepared (format and key details)?
Thank you.
12 February 2026
Yes, e-invoice is required if supplier crosses turnover threshold, even if car is sold below WDV.
Taxable value depends on:
If ITC not availed → margin scheme applies → taxable value = sale price – depreciated value (if negative, NIL)
If ITC availed → GST payable on full sale value
E-invoice must include HSN 8703, margin scheme note, and proper taxable value as per Rule 32(5).
Taxable value depends on:
If ITC not availed → margin scheme applies → taxable value = sale price – depreciated value (if negative, NIL)
If ITC availed → GST payable on full sale value
E-invoice must include HSN 8703, margin scheme note, and proper taxable value as per Rule 32(5).
12 February 2026
Shall I put Rs.1 as taxable value while preparing E invoice of sale of motor car in loss?
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