Dear All,
My company is in Trading business of Laptops & computers since Last 30 years having regular GSTIN. We have a used car bought it near about 15 months back. As we r not taking any ITC on Tax paid at the time of purchase of car but claimed Depreciation on it. Now my qns is that whether we r required to charge gst on sale of used car to any other person ? ?
As per my opinion, No GST is applicable on sale of used Car as we r not dealers of cars I.e this is not supply as per Sec 7 of CGST Act, 2017.
Thanks . . .