Home Forum Goods and Services Tax - GST Month 1 2020 2020 (1) This
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GST on sale of Motorcar - Goods and Services Tax - GSTExtract Dear All, My Partnership firm had purchased Motorcar in Pre-GST regime and had been used exclusively for the purpose of Business Profession. We claimed depreciation till date and while computing its current value, loss is occured. Now, our firm want to sell this motorcar, what implication arised from GST point of view.? Now, following question arise 1) whether we need to pay GST on sale of Motorcar? 2) if so on which amount do we need to pay GST ?? 3) if no then please provide me supported reference for non-applicability of GST vice-versa. Thanks to all experts in advance.
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