Gst rate on sale of old used vehicle

This query is : Resolved

mohd amir (Querist)
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27 September 2017 Dear Sir/ madam
Please tell to what is the rate of GST on Sale of Old Scorpio car from Limited company to unregistered person in UP.

Udaya Chandran

Udaya Chandran (Expert)
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28 September 2017 Second hand sales is exempted if the following conditions are satisfied:
> The Goods should have been used before
> Purchase value is more than selling price
> Input tax should not be availed

mohd amir

mohd amir (Querist)
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30 September 2017 KINDLY SEND A NOTIFICATION/CIRCULAR SPECIFIED THAT THERE IS NO GST OVER CAR SOLD BY COMPANY

Udaya Chandran

Udaya Chandran (Expert)
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03 October 2017 Please refer Section 32(5) of CGST Rules

mohd amir

mohd amir (Querist)
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08 October 2017 As per Rule 32(5) of the CGST Rules, 2017, where a taxable supply is
provided by a person dealing in buying and selling of second hand
goods but.................... we are not dealing in second hand goods ie. car usually. our main business is manufacturing of steel. now what will be rate of GST ??

Udaya Chandran

Udaya Chandran (Expert)
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09 October 2017 GST rate for that product will be applicable.

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