Sale of Used Car

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This discussion clarifies how to report used car sales in your GST returns (GSTR-1 and GSTR-3B). It covers two scenarios: when the profit margin is negative (no tax liability) and when it's positive (GST payable). The advice suggests raising a tax invoice on the margin amount at either 12% or 18% GST, depending on the car's category, and reflecting this in your returns.

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(Querist)
07 June 2020 Where to reflect sales of used motor car in GSTR-1 and GSTR - 3B in following 2 Cases:
1) If margin is negative resulting in no tax liability,
2) If margin is positive resulting in GST Payable.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
07 June 2020 1 No need to show it in GSTR.
2 Raise tax invoice at 18% on margin amount and show it in GSTR 1 and GSTR 3 b.
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CA Shrey Tripathi

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CA Shrey Tripathi (Expert)
09 June 2020 Agree with above answer.. but Gst rate 12% / 18% depending on category of car
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