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.
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