input not taken for motor car as per sec 17 (5) ,but capitalised in books and therefore next year sold such car ,whether Gst to be charged on such sale???
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Quick Summary
This discussion clarifies whether Goods and Services Tax (GST) is applicable when a motor car, for which input tax credit was not taken (as per Section 17(5)), is subsequently sold. The consensus is that GST is indeed applicable on the sale of such motor vehicles. Notification 8/2018 - Central Tax (Rate) dated 25th January 2018 from the CBIC website provides guidance on the applicable GST rates for second-hand motor vehicles.
Yes GST would be applicable on Sale of Second Hand Motor Vehicles. Refer Notification No. 8/2018 - Central Tax (Rate), dated 25th January 2018 for the GST Rate applicable on sale of second hand motor vehicles.