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Sale of Old Car as scrap

Goods and Services Tax - Started By: - Kavita Sharma - Dated:- 8-11-2017 Last Replied Date:- 16-11-2017 - If a firm sells its 15 years old Wagonr car (not in running condition) as scrap, what will be the applicable GST rate on such sale.Regards - Rep .....

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ion No. 1/2017-Central Tax (Rate) dated 28.6.2017 as amended. If it is any other material then refer to the same notification and find out rate of tax. - Reply By Ganeshan Kalyani - The Reply = In my view it should be classified under HSN 8703 attrac .....

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r made by human-beings or nature have shelf-life. Govt. has fixed shelf life of a car or any vehicle for 15 years. Depending upon upkeep and maintenance, shelf life can be increased by 5 or 10 years.Ultimately a day comes when a car(vehicle) is decla .....

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