GST on sale of used car
This query is : Resolved
15 January 2021
Hello All
We want to sell used car which is in the company name. We are not in business of car sale and purchase.
What will be the taxation.pl advise.
Regards
We want to sell used car which is in the company name. We are not in business of car sale and purchase.
What will be the taxation.pl advise.
Regards
15 January 2021
!8% GST applicable on the sale value in excess of book value.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- Requirement under FEMA &RBI
- CLOSING STOCK QUERY
- Gst on travel by air for business purposes
- GST ISD Query on various AMCs
- Sale of Mutual Funds In Diffirent Financial Years
- Taxation on Old jewellery sold
- Short Term Gain Reporting ITR
- DUE DATE FOR ITR FILING
- Loss of interest in PF transfer from EPFO to Trust
- REGARDING ITR FILING QUESTION
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
