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Gst on sale of used car

313 views 5 replies

CMA Sachin Chutani

EMPLOYED

38 Points Joined March 2016

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 . . .

Replies (5)

sudip sharma

article

734 Points Joined May 2015

gst is charged on sale of car on sale value and gst is also on furtherance of business

Manas Das

1431 Points Joined June 2017

Yes GST plus cess 3% applicable on sale of car

EKTA MEHTA

ARTICLE

86 Points Joined May 2016

if our business is sale and purchase of used car..and we r registered dealer nd purchase second hand car. and ITC didn't claim nd sell second hnd car then is there levy of GST on outward SUPPLY?

Manas Das

1431 Points Joined June 2017

because the car was used for furtherance of businesses. any business asset sold liable to GST. and purchase of car itc blocked even if used for furtherance of business . rationale is there behind this law