Tax Management India. Com
                        Law and Practice: A Digital eBook ...

Category of Documents

TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Manuals SMS News Articles
D. Forum
What's New


Discussions Forum
Home Forum Goods and Services Tax - GST This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

← Previous Next →

Sale of used car purchased pre GST, Goods and Services Tax - GST

Issue Id: - 115283
Dated: 5-8-2019
By:- Vivek anandhan
Sale of used car purchased pre GST

  • Contents

Dear Experts

We have purchased one car for our office usage in pre GST regime, Now we are going to sale in GST regime. Whether we need to charge GST also for the sale used car.



Post Reply

Posts / Replies

Showing Replies 1 to 5 of 5 Records

1 Dated: 5-8-2019

In my view GST is not leviable.

2 Dated: 6-8-2019
By:- Ganeshan Kalyani

In my view, GST is applicable on margin i.e. sale value minus written down value computed as per Income Tax Act.

3 Dated: 6-8-2019
By:- Ganeshan Kalyani

Refer Notification No.8/2018-CTR dated 25.01.2018.

4 Dated: 6-8-2019

The querist has used the words,' for our office usage'. It means car which is to be disposed of was meant for business purpose. The disposal of car is in the course of furtherance of business. So such transaction conforms to definition of 'supply' provided under Section 7 of CGST Act read with Notification No.8/18-CT(R) dated 25.1.18 (Serial no.4)

5 Dated: 14-8-2019

Car is a business asset in the books of the business entity and claimed depreciation for income tax assessments. GST is applicable on supply of any goods irrespective of purchase before GST or Post GST. The taxable value for such used car shall be “ the difference between the depreciated value as on the date of sale and actual sale value realised from buyer.

if the difference is positive GST 18% or 12% ( see Notifications Jan 2018 and find in which category the used car falls) is payable on the difference. If the difference is negative you may ignore

S. Gokarnesan

Advocate , Chennai - 9840087349


Post Reply

← Previous Next →

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || ||