Is it correct that GST on sale of old car will be applicable on the difference between sales value and WDV ?
Menu
GST ON SALE OF OLD CAR IN A PRIVATE LIMITED CO
Replies (4)
Quick Summary
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.
Recent Topics :
- Practical queries on buy back of shares
- Any faculty recommendations for latest batch recor
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
Related Topics :
CAclubindia
