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Stock in trade converted in to fixed assets

This query is : Resolved 
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(Querist)
04 February 2019 Dear All

Should we need to pay GST on this transaction ? if yes Can we take input Tax Credit ? if the Stock in trade is a Car ?

Regards
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CA. Jinendra Sethia

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CA. Jinendra Sethia (Expert)
04 February 2019 Have to pay GST and No ITC available
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murali up

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murali up (Querist)
06 February 2019 Ok. Thanks for your replay
But the process in this case is that after using this vehicle as Test drive it would be sold to customer at a reduced price.
So up on Conversion as test drive vehicle ---- Pay GST ... Then the same test drive vehicle is sold to customer .... Again GST ????
ie 2 Time GST payment on Same items??
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