DEAR SUPPORT,
I WANT TO SELL MY OLD OFFICIAL CAR AFTER THE PURCHASE OF 3 YEAR CAN I CHARGE GST ON THAT AT THE TIME OF SALE.
THANKS IN ADVANCE FOR YOUR SUPPPORT
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GST ON SALE CAR
Replies (4)
Quick Summary
Is this car stands in your Balance sheet and use for Business purpose or personal use ?. please clarify .
Yes, you are required to charge GST on the sale of an old and used car.
Just check the valuation rule for calculating its Taxable Value.
Yes....You can Charge GST @ 18% on used cars...
You have pay gst on Margin for sale of old Vehicle ( Sale price less W.D.V of the Car on the date of Transfer ) , For detail refer Notification 8 / 2018 C.T (rate ) dated 25/1/2018 .
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