Clarity of Supply under GST

Is sale of car used for personal purpose a Supply under GST? as Business includes "any trade, commerce, manufacture, profession, vocation or any other similar activity whether or not it is for a pecuniary benefit" and   "any activity or transaction in the nature of (a) above, whether or not there is volume, frequency, continuity or regularity of such transaction".

Replies (7)
Quick Summary
This discussion clarifies whether selling a car previously used for personal purposes qualifies as a 'supply' under GST. The consensus is that it generally does not, as it doesn't meet the criteria of being in the course or furtherance of business, even if sold for consideration. However, if a business entity sells a car that was part of its business assets and input tax credit was claimed, it may be taxable.

No!! sale of car used for personal purpose not cover under gst

Thanks for answering, but What is the logic behind that ? As cleartax.in says "From the above definition it can be noted that: Business includes any activity carried out by a person whether or not, there is volume, frequency, continuity or regularity of such transaction. Meaning a single transaction of supply also is considered business Also occasional trade or even one time trade constitutes business"   Isn't it satisfying all the conditions of supply ? 

Selling of car used for personal purpose is your business???

Again thanks for answering. I get that it is not a business but the definition given makes it seem like a business ( I have marked the words in  bold in the post ). 

Any individual bought a Car and used for personal and sold it, is not under purview of GST as there is no any furtherance of Business. If a Busniess entity made the above transaction it is Taxable, subject to the provisions of the Act.

Sale of old car does not constitute supply within the meaning of section 7(1) since though it is for a consideration, it does not satisfy criteria of being in the course or furtherance of business. Even if it is disposed off without consideration it would constitute supply under Scheedule I only if it is a business asset and ITC has been availed which is not possible in terms of section 17(5).

Valuation of Supply under GST

GST (Goods and Services Tax) was introduced in India on 1st July, 2017 with the aim of simplifying the tax structure and bringing all indirect taxes under one umbrella. The valuation of supply under GST is a crucial aspect that every business owner and startup founder should be aware of. In this article, we will discuss the concept of valuation of supply under GST, its methods, and its impact on businesses.

Definition of Supply under GST

Before we dive into the valuation of supply under GST, let us understand what is considered as supply under GST. As per Section 7 of the CGST Act, 2017,....

 

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