GST applicability on sale of Used Vehicle

Rules 158 views 2 replies

Respected Members,

I have purchase a Vehicle in may 2023 worth Rs. 30 lakhs, and i have not claimed its ITC credit. 
WDV for year ended 31.03.2024 was rs. 25.5 lakhs. Now in month of May 2024 i have sold the car for Rs. 28 lakhs. 
Do I need to pay GST on the transaction and what will be the Rate of GST. 
if Yes how will i Show the same in GST returns. 

Pls Advice. 

Replies (2)
Refer Notification 8/2018 Central Tax ( rate) dated 25 th January 2018 , in detail. Check applicable to you or not .
Follow SEC 22 OF GST ACT


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