Sale of Old Car
Query (Issue) Started By: – Jatinder Kumar Dated:- 26-9-2017 Last Reply Date:- 30-9-2017 Goods and Services Tax – GST
Got 7 Replies
GST
Dear Experts,
\nWe 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.
\nWe also purchase new car from dealer after adjustment of old car price.
\nThanks & Regards,
\nJatinder Kumar
\nReply By Ramaswamy S:
\nThe Reply:
\nsale 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.
\nReply By Ramaswamy S:
\nThe Reply:
\nHowever, if the sale is in the course of business (disposal), GST is payable attr<\/p>\n
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