GST on Sale of Company Car

vikram kerekar (1241 Points)

20 April 2022  
Dear Friends,

Is GST applicable on Sale of car registered under company's name?

If yes, is GST applicable on Profit/Loss amount or on the entire Sale Value of the car?

Also,
If Car is under Net Block of Assets, will GST still be applicable on Sale of car?

Please help 🙏

Thanks