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

Save Share

This query is : Resolved

Quick Summary

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)
Follow

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 online

Aashok Kumar Sharma

(Expert)
Follow

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)
Follow

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

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now