ITC on Purchase of Car and Reversal of ITC & levy of GST on Sale after say 2 years

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..... Dear All, Please consider a case where Company 'A' purchases a Car for transportation of passengers and sells it after 2 years of use. (a). Whether Company 'A' was right in claiming .....

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..... ITC at time of purchase of car? (b). Is there any provision for reversal of ITC since the Car was sold after using it for 2 years? (c) Whether 'A' needs to charge GST at time of selling the .....

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..... Car? (d) Does the 'Yellow' or 'White' number plate makes any difference for the purpose of ITC ? Thanks!! - Reply By Himansu Sekhar - The Reply = A. Yes B.yes , sec 18(6) of .....

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..... cgst act C.the same amount as mentioned at B above D. No difference. White means personal use. ITC not available. - ITC on Purchase of Car and Reversal of ITC & levy of GST on Sale after say .....

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..... 2 years - Query Started By: - shailendra singh Dated:- 4-10-2017 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion .....

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..... Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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