Invoice of car sale

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This discussion addresses how a private limited company should handle invoicing and GST when selling a car at a loss against its Written Down Value (WDV). The consensus is that such a sale can be treated as an exempt supply. It should be declared in GSTR 1 and GSTR 3B, rather than being deferred to GSTR 9 and 9C.

Nishant Gandhi

Nishant Gandhi (Querist)

11 October 2023 Respected Experts

I need advise for the following

We are selling the car to another person with loss against WDV as per Income Tax Act.
Now question is If I make invoice than GST will not applicable than I have to show the invoice in GSTR 1 & GSTR3B ? or I make invoice with different series of invoice & sales value show at the time of GSTR9 & 9C ?

My company is Private Limited company.

Your early & positive response shall be highly appreciated.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

12 October 2023 Show it as exempt sale.

Nishant Gandhi

Nishant Gandhi (Querist)

12 October 2023 Thanks sir for your valueable reply

Also let me know can I show this sales in GSTR1 & GSTR 3B or show in directly at the time of GSTR 9 & 9C

Please guide me

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

12 October 2023 Yes, it can be shown as exempt supply in GSTR 1 and GSTR 3b.

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