GST on sale of used Motor vehicle
This query is : Resolved
Quick Summary
18 August 2022
Dear Sir,
One of my client is having a Partnership firm in which he has purchased Motor Vehicle in the year 2018. Now, in 2022 he wants to sell that motor vehicle.
The partnership firm is registered under GST.
My query is whether GST is applicable on sale of motor vehicle. Please help me in this matter.
Regards,
Divyesh Jain
One of my client is having a Partnership firm in which he has purchased Motor Vehicle in the year 2018. Now, in 2022 he wants to sell that motor vehicle.
The partnership firm is registered under GST.
My query is whether GST is applicable on sale of motor vehicle. Please help me in this matter.
Regards,
Divyesh Jain
18 August 2022
18% GST applicable on sale value in excess of book value.
18 August 2022
Ok, Thanks for your reply
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
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Putting a heading on received mail
- Reprocessing of rectification order AY 2025-26
- Consolidated financials
- Section 50-fixed asset-->building ceases to exist
- TDS on TRUST
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
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
