GST Impact on old car sold
This query is : Resolved
Quick Summary
23 April 2021
A company hold GST Number and sold old car with profit.
any GST liability on company.. please reply as per rule or provisions applicable on company .
any GST liability on company.. please reply as per rule or provisions applicable on company .
CA R SEETHARAMAN
(Expert)
23 April 2021
18% GST applicable on profit on sale.
23 April 2021
please reply as per rule or provisions applicable on company .
CA R SEETHARAMAN
(Expert)
23 April 2021
As per rules..................
CA Puja Sharma
(Expert)
24 April 2021
You can refer to Notification No. 8/2018 -Central Tax (Rate) dated 25.01.2018
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