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GST on sale of motor vehicle, Goods and Services Tax - GST |
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GST on sale of motor vehicle |
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Dear Sir, We are Pvt. Ltd. Co., we had purchased motor vehicle for use by directors. Pl. advise whether we have to pay GST when we sell used cars even if we are not in business of dealing in motor vehicles. Thanks. Posts / Replies Showing Replies 1 to 5 of 5 Records Page: 1
Yes you have to pay GST @ 28% plus applicable cess.
Sell of used cars attracts gst.
Whether the sale of old and used car is in the course or furtherance of business ? This aspect is vital.
In my view it will attract GST.
GST shall be levied for disposal of business assets vide Schedule II of the CGST Act. Page: 1 Old Query - New Comments are closed. |
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