GST on sale of used Motor vehicle
This query is : Resolved
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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
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