Sale of company vehicle

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When selling a company vehicle and adding 18% GST, it's crucial to report it correctly on your GSTR 1. If the buyer has a GST number, the transaction falls under the B2B section. If the buyer does not have a GST number, it should be reported under the B2C section. Remember to verify the appropriate HSN code for the vehicle when creating the invoice.

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(Querist)
27 October 2023 we are selling company vehicle by adding 18 % GST , WHILE FILING GSTR 1 WHERE IT WILL REFLECT.
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RAJA P M

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RAJA P M (Expert)
28 October 2023 If it's selling to a GST number then it will be under b2b section, if not GST number then under B2c
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Aashok Kumar Sharmapro badge

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Aashok Kumar Sharmapro badge (Expert)
15 January 2024 Yes, please also do check on the HSN code here while invoicing.
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