GST applicability on sale of old car
This query is : Resolved
06 September 2024
Dear Sir
I have sold my old car and the value is less than the written down value . Whether GST is applicable on this and if I have deduct TCS on this.
Thanks
I have sold my old car and the value is less than the written down value . Whether GST is applicable on this and if I have deduct TCS on this.
Thanks
Dhirajlal Rambhia
(Expert)
06 September 2024
1. Yes, GST is applicable, on value exceeding WDV.
2. Yes, if the value exceeds Rs. 10 lakhs.
2. Yes, if the value exceeds Rs. 10 lakhs.
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