SALE OF OLD CAR

This query is : Resolved

satish kumar Chauhan (Querist)
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04 May 2020 Dear sir

Query as under

1. Car purchased prior to GST & No Vat credit availed WDV is 125000/-. Any tax liability will arise on sale in case of regular taxable person and composition taxable person?
2Car purchased in GST regime & No itc availed WDV is 125000/-. Any tax liability will arise on sale in case of regular taxable person and composition taxable person?

Kindly clarify with some calculation.

Thanks

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 May 2020 In both the cases 18% GST applicable on sale value in excess of WDV value. No GST applicable in case of sale less than WFV.

PAWAN KUMAR

PAWAN KUMAR (Expert)
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05 May 2020 Gst will be charged but gst is as per car variant petrol, diesel etc. And length in mm.
Pl, refer not. 08/2018 central tax rate prescribed for gst concessional rate.

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