Question 10 - An individual buys a car for personal use and after a year sells it to a car dealer. Will the transaction be a supply in terms of CGST/SGST Act? Give reasons for the answer.
Faq On GST (2nd Edition) Dated 31.3.2017 Chapter 4 Meaning and Scope of Supply
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Supply under GST: sale of a privately used car to a dealer is not a taxable supply. Sale of a privately used car to a dealer is not a supply under CGST/SGST because the seller did not act in the course or furtherance of business and no input tax credit was admissible on acquisition as the car was for non business use.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Supply under GST: sale of a privately used car to a dealer is not a taxable supply.
Sale of a privately used car to a dealer is not a supply under CGST/SGST because the seller did not act in the course or furtherance of business and no input tax credit was admissible on acquisition as the car was for non business use.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.