Old car transaction


This query is : Resolved 

Quick Summary
This discussion clarifies GST implications when a GST-registered company sells an old car to an individual. Even if the car's depreciated value is zero, GST is still payable. The tax is calculated at 18% on the margin, which in this case is the sale price of Rs. 5000.

27 April 2025 A old car sold by gst registered company to a individual. Old car depreciated value is zero.
Old car sold at Rs. 5000/-

Is GST payable by company. If yes at which rate

27 April 2025 Yes, GST is payable by the company at the rate of 18% on the margin; which is Rs. 5000/- in your case.

27 April 2025 Ok Thanks sir, धन्यवाद 🙏🙏🙏

27 April 2025 You are welcome.

28 September 2025 Good luck.....


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