Clause 1(a) of Schedule II of CGST act states any transfer of the title of goods is a supply of goods.
So whether sale of personal motor car would be chargeable to GST under said clause?
If no, then why?
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Levy of GST on sale of personal assets
Replies (3)
It does not come under definition of supply (furtherance of business)from the perpective of seller so no gst applicable.
Schedule II supplies are not necessary to be used in course of business. They are kind of deemed supply!
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