in a family arrangement , a sister intends to transfer ownership of her car which she has been using strictly for her personal use to her brother , There is no consideration for the transfer . Will such a transaction attract GST when the parties approach the RTO for transfer of ownership in the vehicle ?
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Transfer of ownership in a used car from a sister to her brother thru a family arrangement
Replies (2)
Treat it as personal gift, no GST applicable, nor gift tax.
Thank you sir .
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