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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

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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.

Regards

Vivekanandhan

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Posts / Replies

Showing Replies 1 to 5 of 5 Records

1 Dated: 5-8-2019
By:- DR.MARIAPPAN GOVINDARAJAN

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
By:- KASTURI SETHI

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
By:- SHIVAKUMAR GOKARNESAN

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


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