Company car purchase for MD by that time ITC not taken. Now company going to resale same car.
Pls clarify Whether GST applicable or not.
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car purchase personal use
Replies (2)
if the car is on the company name GST will be applicable
section 7 (1)(a) include all form of supply of good and service+consideration +furtherance of course of business ...in your case there is consideration but it is in course of business so it amount to supply ...and ... gst applicable...
course of business include activity or transaction ancillary or incidental ...
course of business include activity or transaction ancillary or incidental ...
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