A Registered person is providing services to Companies for pick and drop facility for their employees , charging GST under forward charge and few companies are paying under RCM. Now RP
wants to sale old vehicle, purchased in 2015, whether Gst is applicable on full value or difference of sale value- WDV .
Menu
GST on Sale of Old Vehicle purchased in 2015
Replies (2)
Quick Summary
Please refer to the below provisions:
As per Section 18(6) of CGST Act,
“In case of supply of capital goods or plant and machinery, on which input tax credit has been taken, the registered person shall pay an amount equal to the input tax credit taken on the said capital goods or plant and machinery reduced by such percentage points as may be prescribed or the tax on the transaction value of such capital goods or plant and machinery determined under section 15, whichever is higher:
But purchased before GST , no input tax credit taken
Recent Topics :
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
Related Topics :
CAclubindia
