SALE OF MOTOR CAR BY REGISTERED INDIVIDUAL
This query is : Resolved
24 April 2026
hii!!!
i am individual and proprietor, i have car and claim depreciation under income tax act, i am registered under GST and sold car
1. selling car to unregistered person under gst
2. selling car to registered person under gst
GST applicability, GST apply or not?
i am individual and proprietor, i have car and claim depreciation under income tax act, i am registered under GST and sold car
1. selling car to unregistered person under gst
2. selling car to registered person under gst
GST applicability, GST apply or not?
24 April 2026
GST applies to your car sale because you are a registered person under GST and have used the car for your business as a proprietor (claiming depreciation).
GST applies in both scenarios, but only on the profit margin (Sale Price - Written Down Value/WDV). No GST is payable if the car is sold at a loss (negative margin).
GST applies in both scenarios, but only on the profit margin (Sale Price - Written Down Value/WDV). No GST is payable if the car is sold at a loss (negative margin).
24 April 2026
Taxable Value: Selling Price minus Depreciated Value (Written Down Value - WDV) as of the sale date.
GST Rate: Generally 18% on the profit margin for all used vehicles as per recent updates.
GST Rate: Generally 18% on the profit margin for all used vehicles as per recent updates.
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