TaxTMI 
TaxTMI 
I'm in process of selling a car which was purchased 1 year ago for the purpose of transportation of passengers hence ITC was take at the time of purchase. what rate of GST should i Charge? on what value? is there any cess applicable ?
GST on Sale Used Car on which ITC was availed
30 Oct 2018 
5 Replies 
4486 Views Asked by
GST on used car sales: tax based on selling price where input tax credit was claimed; rates and compensation cess apply.
GST on sale of a used car for which input tax credit was availed should be determined under the GST valuation rules by reference to the selling price rather than the difference in value method applicable where no ITC was taken; applicable GST classification determines the rate and relevant compensation cess notifications must be consulted for cess liability. (AI Summary)
GST on sale of a used car for which input tax credit was availed should be determined under the GST valuation rules by reference to the selling price rather than the difference in value method applicable where no ITC was taken; applicable GST classification determines the rate and relevant compensation cess notifications must be consulted for cess liability. (AI Summary)