Exchange of used car with new - gst applicability
This query is : Resolved
10 August 2019
I HAVE PURCHASED A NEW CAR IN EXCHANGE OF MY OLD CAR IN THE F.Y. 17-18. I HAVE CAPITAL GAIN ON OLD CAR, WHETHER GST IS APPLICABLE ON THE CAPITAL GAIN PART.
11 August 2019
If you are a GST registered person and car is shown in your books of accounts, 18% GST applicable on the sale value over it's depreciated value.
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12 August 2019
Thank you so much sir.
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