GST ON VEVHICLE SALE FROM COMPANY


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Quick Summary
This discussion clarifies the Goods and Services Tax (GST) implications when a company sells a vehicle. GST at 18% is generally applicable on the sale value that exceeds the vehicle's book value or written-down value (WDV) as per income tax calculations.

(Querist)
07 June 2021 I WISH TO SALE VEHICLE FROM COMPANY , KINDLY CONFIRM GST ATTARACT OR NOT

07 June 2021 18% GST applicable on sale value in excess of book value.

07 June 2021 Gst applicable @ 18% on amount in excess of wdv as calculated in income tax.


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