One of our clients is engaged in the Passenger Transport Services who has sold some buses to related parties as well as others, Buses was purchased before GST (no Input credit was availed) , wether GST is applicable in this case, if yes how much to be charge?
Clients does not have the GST number since he is providing Transport of passengers, with or without accompanied belongings by non-air conditioned contract carriage for transportation of passengers.
Please provide your opinion..
Sale of Used Buses by Transport Client Subject to 65% CGST and SGST After GST Registration A query was raised regarding the applicability of GST on the sale of used buses by a client engaged in passenger transport services, who does not have a GST number. The buses were purchased before the implementation of GST, and no input credit was availed. In response, it was suggested that the client should first register for GST. Once registered, the client would be liable to pay 65% of the CGST and SGST on the sale of these buses. (AI Summary)
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