Old Vehicle sold by a pvt ltd
This query is : Resolved
Quick Summary
05 October 2023
a pvt ltd registered in GST doing busines of PVC retial business. want to sale old car buy 3 year ago. what the HSN code and rate of GST on sale of this old car.
05 October 2023
Is it sold above the book value.
05 October 2023
one car is sold on book value as per comapny act. which is less than income tax value .
second is sold on above the book value as per company act which on the same as per income tax wdv.
second is sold on above the book value as per company act which on the same as per income tax wdv.
06 October 2023
No GST payable on car sold on book value.
18% GST payable on the excess of book value car sold in excess of book value.
Not to consider income tax value.
18% GST payable on the excess of book value car sold in excess of book value.
Not to consider income tax value.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CAPITAL GAIN REDEVELOPED FLAT
- Multiple payment of self assessment tax for A Y 2025-2026
- CLOSING STOCK QUERY
- Requirement under FEMA &RBI
- REGARDING ITR FILING QUESTION
- ITC BENEFIT ON BROKRAGE PAID
- Short Term Gain Reporting ITR
- Query regarding reporting of exempt foreign remuneration in ITR
- U/S 194 T
- 44AD, 44ADA business details
- Computation of Dividend
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
- Goods return by customer
- INWARD REMITTANCE FOREIGN
- CPC and SAC
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
