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Manish Dugar (Article)     28 July 2021


A car was purchased by me in 2014. I have not claimed any input on the said purchase.

Now, I want to sell this car. Do I need to charge gst on sale if I have not claimed input at the time of purchases.

If yes, at what rate do I need to charge gst.

 10 Replies

Komal Barapatre

Komal Barapatre   28 July 2021

No need to charge gst
1 Like
Manish Dugar

Manish Dugar (Article)     28 July 2021

I am also registered in GST
Imthias ahamed Kormath

Imthias ahamed Kormath   28 July 2021

Service gst may levied,on the sale of car.
Depreciation deducted value less market value ,
variation value is liable for gst in the form sevice gst.
Gopal K

Gopal K (Student CA Final )     28 July 2021

You have to pay GST on transaction value (OMV)
Imthias ahamed Kormath

Imthias ahamed Kormath   28 July 2021

No transactions value ,it is may margin value.Paper value and actual depreciation deducted value.
1 Like

shyam (Executive)     28 July 2021

You may required to pay GST on your profit on sale of car.
Imthias ahamed Kormath

Imthias ahamed Kormath   28 July 2021

No.But buyer may collect rcm for service from u as per his invoice,if he is regd under gst.
Harsh Khemchandani

Harsh Khemchandani   29 July 2021

Gst will be required to be paid on margin money
CS Abhishek Goyal

CS Abhishek Goyal (M Com FCS LLB M-AIMA )     29 July 2021

First of all it needs to be determined whether it constitutes supply or not. In my opinion it does not either under Schedule I since it is sold for consideration and neither a supply under section 7(1) since it is for consideration but not in the course or furtherance of business.

Imthias ahamed Kormath

Imthias ahamed Kormath   02 August 2021

If buyer registered under goods or
service sector

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