Gst on sale of vehicle
This query is : Open
11 August 2017
Whether GST will be applicable on sale of car if the car is in name of Private Limited Company not engaged in business of selling & purchase of vehicles.
CA Suresh Jain
(Expert)
11 August 2017
Earlier (before GST) the sale of used cars was usually exempted from VAT and the transaction was not covered under service tax. There is, though no clarity as on today, in my opinion no tax payable as input credit is not available to the assesse.
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