Iplease suggest the GST compliance on vehicle sales on both conditions :-
1. vehicle wdv is 15 lacs and sold in 23 lacs. 2. vehicle wdv is 30 lacs and sold in 23 lacs.
On both conditions on which value GST should be paid.
Iplease suggest the GST compliance on vehicle sales on both conditions :-
1. vehicle wdv is 15 lacs and sold in 23 lacs. 2. vehicle wdv is 30 lacs and sold in 23 lacs.
On both conditions on which value GST should be paid.
In both cases, GST is levied on the transaction value (sale price of Rs.23 lakhs).
Under GST, sale of a motor vehicle (capital goods) is treated as supply if ITC was availed at the time of purchase. In both cases, GST will be payable on the actual sale value (transaction value) and not on WDV.
Case 1 (WDV ₹15L, Sale ₹23L): GST on ₹23 lakh.
Case 2 (WDV ₹30L, Sale ₹23L): GST again on ₹23 lakh.
WDV is relevant only for Income Tax/Depreciation, not for GST. GST is always on the sale consideration as per Section 15 of CGST Act, 2017 (as applicable in 2025).
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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