car purchase personal use

111 views 2 replies

Manjunatha Gowda

1 Points Joined March 2018

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.

Replies (2)

manish Sharma

accounts assistant

28 Points Joined November 2009

if the car is on the company name GST will be applicable

Naveen Mathur

Accountant

80 Points Joined December 2014

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 ...