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

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..... ITC on Purchase of Car and Reversal of ITC & levy of GST on Sale after say 2 years
Query (Issue) Started By: - shailendra singh Dated:- 4-10-2017 Last Reply Date:- 4-10-2017 Goods and Services Tax .....

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..... - GST
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GST
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 &# .....

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..... 39;A' was right in claiming 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 ch .....

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..... arge GST at time of selling the 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. Ye .....

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..... s B.yes ,sec 18(6) of cgst act C.the same amount as mentioned at B above D. No difference. White means personal use. ITC not available.
Discussion Forum - Knowledge Sharing .....

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