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Selling car by the non car selling company gst impact

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 February 2018 Hi Team,

My company is a Market research company, now we want to sell one of our company car. will selling of car attract GST? if yes then what would be the GST amount on what price of the car because we are using the car from 2014. please explain with example.


Thanks in Advance.
regards
rajeev
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 February 2018 GST applicable only on the amount of sale in excess of book value.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 February 2018 GST applicable only on the amount of sale in excess of book value.



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Querist : Anonymous

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Querist : Anonymous (Querist)
24 February 2018 thanks for the reply sir,
if book value is 7lac and sell value is 8 lac then GST will be on 1 lac only? am i correct Sir?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
25 February 2018 Yes you are right...........

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