Goods and Services Tax – Started By: – Jatinder Kumar – Dated:- 26-9-2017 Last Replied Date:- 30-9-2017 – Dear Experts,We have car in the name of partner (show in partnership firm accounts) so sale of such car to dealer (Selling-Purchasing old / new cars) will attract gst and if yes at what rate.We also purchase new car from dealer after adjustment of old car price.Thanks & Regards,Jatinder Kumar – Reply By Ramaswamy S – The Reply = sale of old car by an individual to a dealer (or exchange) do not attract GST. Please refer FAQ and also twitter reply on the same. – Reply By Ramaswamy S – The Reply = However, if the sale is in the course of business (disposal), GST is payable attracts 28% GST. – Reply By KASTURI SETHI – The Reply = From
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