ISSUANCE OF TAX INVOICE IF CAR/BIKE SOLD SHOWN IN FIXED ASSET

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Discussion on GST implications when a proprietor sells a car or bike shown as a fixed asset. Experts clarified that a tax invoice must generally be issued even to an unregistered buyer, and the margin scheme may apply where no ITC was claimed.

Allauddin Patel

Allauddin Patel (Querist)
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11 January 2026 Dear sir/ madam
my question is
We are registered in gst as proprietor firm . we purchased car/bike and shown this in fixed asset and claim depreciation on this. at the time of selling this car/bike to individual (urd) do we need to issue tax invoice ?
kindly reply me

Aashok Kumar Sharma

Aashok Kumar Sharma (Expert)
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12 January 2026 • Sale of car/bike used as fixed asset is taxable under GST
• Tax invoice must be issued even to URD
• GST rate normally 18%
• Margin scheme may apply if ITC not claimed
• Must be reported in GST returns

Allauddin Patel

Allauddin Patel (Querist)
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12 January 2026 If margin value is negative (loss) then tax invoice with zero tax or bill of supply need to issue ?

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