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Aashok Kumar Sharma

12 February 2026 at 08:07

Posted On : 12 February 2026

In Reply To :

E- invoice-2

Yes, e-invoice is required if supplier crosses turnover threshold, even if car is sold below WDV.

Taxable value depends on:

If ITC not availed → margin scheme applies → taxable value = sale price – depreciated value (if negative, NIL)

If ITC availed → GST payable on full sale value

E-invoice must include HSN 8703, margin scheme note, and proper taxable value as per Rule 32(5).

Aashok Kumar Sharma

12 February 2026 at 08:06

Posted On : 12 February 2026

In Reply To :

FINANCIAL PARTICULAR

Yes, a jump from ₹0 to ₹40 lakh (including ₹15 lakh cash) can attract scrutiny, especially if income was NIL.

However, if you can clearly explain and document the source of funds, there is nothing to worry about.

The risk is not the jump — the risk is absence of explanation.

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