Is it correct that GST on sale of old car will be applicable on the difference between sales value and WDV ?
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GST ON SALE OF OLD CAR IN A PRIVATE LIMITED CO
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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