Home Forum Goods and Services Tax - GST Month 3 2021 2021 (3) This
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Taxability on Sale of Old & Used Commercial Vehicle - Goods and Services Tax - GSTExtract Hi, I have purchased a Mahindra Bolero Camper (Goods carrying vehicle having tonnage capacity less than 5MT) in the year 2013 ( HSN Code - 87042190 ) and on which no ITC was availed. The WDV as on 01.04.2020 in the books is 147350 and i am selling it after using it for more than 5 years for ₹ 120000/-. I wanted to know what is the GST Tax liability on the sale of above vehicle, Whether to be taken on transaction value or not and what will be the GST tax rate and also what about compensation cess?
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