GST ON SALE OF OLD CAR IN A PRIVATE LIMITED CO

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Is it correct that GST on sale of old car will be applicable on the difference between sales value and WDV ?

Replies (4)
Yes , GST applicable, please refer notification 8/2018 (CT rate) date 28/1/2018 .

This Notification shall  not apply ,  if  Input Tax Credit  has availed earlier , please go through above notification in detail .

Yes.

If the sale value is less than WDV then there will no GST. 

GST to be paid on difference in sale value and opening WDV. This provision is only in case of old car.


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