employee received car from company & same capitalized in company books.
company sold car to its employee at the time of left & car depreciated value Rs.100000.
company can charge GST Reversed charged or Forward charge on 100000 at the time of sale .
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GST on car sale to employee
Replies (8)
More details required Abou the company, Car and GST related activities...
Better to read this article through the link:
https://cleartax.in/s/gst-old-and-used-refurbished-car
Better to read this article through the link:
https://cleartax.in/s/gst-old-and-used-refurbished-car
Gst will be paid by company , employee using the car.
Car is a part of perquisite of employee .
Sec 194q
@ kiran,
This is not car...
Car and it's related allowances are perquisite.. right...?
This is not car...
Car and it's related allowances are perquisite.. right...?
At the time of joining of employee as per company policy .company purchase car & same use by employee after the completion of life of car . company transfer ownership to be employee name .
Yes...
The Car is Company's asset Still transfer to Employee.
coming to the query...
What about gst and it's details at the time of purchase of car...?
Is the car purchased in GST era...?
Is input tax availed or not...?
Reasons for If Yes or no...????
The Car is Company's asset Still transfer to Employee.
coming to the query...
What about gst and it's details at the time of purchase of car...?
Is the car purchased in GST era...?
Is input tax availed or not...?
Reasons for If Yes or no...????
GST capitalized
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