i am regd dealer in GST i was having 2 cars which was 10 years old
1.I sold one car to other person for his personel use who is not regd into GST
2.Another car was exchanged with new car from an regd dealer
should i have to pay GST in both the cases if i pay gst can the car dealer take it as input
please reply
Thanks in advance
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GST on my old car
Replies (3)
Yes you have to pay GST as transaction is supply & car dealer claim input of same.
U have deposit GST on the 65% of transaction value . as per notification 37
No the other person who phrchases feom u will not get input . as per section 17(5)
No the other person who phrchases feom u will not get input . as per section 17(5)
i am not a car dealer
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