GST applicability on second hand motor vehicle /old & used motor vehicle sale.
This query is : Resolved
09 August 2021
Vehicle bought on 16/7/2014-Rs.29.35 lacs
Vehicle sold on 23/7/2021-Rs.18 lacs
WDV as per IT -975826/-
WDV as per companies act-895985/-
If Input GST not claimed. Whether GST payable on outward supply and rate & Basis ie margin or outward supply?
If input GST claimed .Whether GST payable on outward supply and rate & Basis?
Vehicle sold on 23/7/2021-Rs.18 lacs
WDV as per IT -975826/-
WDV as per companies act-895985/-
If Input GST not claimed. Whether GST payable on outward supply and rate & Basis ie margin or outward supply?
If input GST claimed .Whether GST payable on outward supply and rate & Basis?
26 September 2021
Yes.GST Needs to be discharged on the actual amount of selling.
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