GST ON SECOND HAND CAR SOLD
Manish Dugar (Article) (54 Points)
28 July 2021Now, 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.
Manish Dugar (Article) (54 Points)
28 July 2021
Imthias ahamed Kormath
(910 Points)
Replied 28 July 2021
Gopal K
(Student CA Final )
(29 Points)
Replied 28 July 2021
Imthias ahamed Kormath
(910 Points)
Replied 28 July 2021
shyam
(Executive)
(74 Points)
Replied 28 July 2021
Imthias ahamed Kormath
(910 Points)
Replied 28 July 2021
Harsh Khemchandani
(126 Points)
Replied 29 July 2021
CS Advocate Abhishek Goyal
(M Com FCS LLB M-AIMA )
(13654 Points)
Replied 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
(910 Points)
Replied 02 August 2021
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