Sales Vechile
Anshul (accountant) (31 Points)
16 May 2018
GST on sales old vechile in running conditions
prasad Nilugal
( GST Practitioner & Accounts )
(14165 Points)
Replied 16 May 2018
Is this vechile used by the company for "furtherance of Busniess " ?.
CA Shanky garg
(Practicing Chartered Accountant)
(217 Points)
Replied 16 May 2018
Yes, GST will be applicable.
prasad Nilugal
( GST Practitioner & Accounts )
(14165 Points)
Replied 16 May 2018
As per the section 7 sub section 1 of the CGSt act 2017 Sale / disposal made or agreed to be made for consideration by a registered person in the course of furtherance of Business will be treated as supply .
Therefore if you disposal of old vechile in course of furtherance of Business GST is applicable
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