Home Forum Goods and Services Tax - GST Month 12 2018 2018 (12) This
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Regarding Transfer Of Motor Vehicle Without Consideration. - Goods and Services Tax - GSTExtract Sir, Mr.A purchased a Motor Car as a business assets in GST Era. But as ITC is blocked,He has not taken the ITC of the same. Now, He wants to Gift the same to his relative WITHOUT CONSIDERATION. 1.Whether GST is payable on Gift of such car as clause 4(a) of Schedule-II says about applicability of GST on business asset even without Consideration, even with or without ITC? 2.If yes, How GST shall be computed 3.whether your reply differ, If He taken away for his personal use?
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