Sale of Motor Car

[Kaustubh Karandikar]

Sale Value of the motor car is Rs.28 Lakhs while depreciated value is Rs.10 Lakhs. GST is paid on the difference value i.e., on Rs. 18 Lakhs. How to prepare the E – Invoice / Tax Invoice? Since GST is paid on Rs.18 Lakhs, can we prepare Tax Invoice of Rs.18 Lakhs + GST and Commercial Invoice of Rs.28 Lakhs which is inclusive of all since the customer is B2C?

AI Summary

Debate on GST Implications for Car Sale: Invoice Valuation and Notification No. 8/2018 Interpretation A discussion on the sale of a motor car valued at Rs. 28 Lakhs, with a depreciated value of Rs. 10 Lakhs, focuses on the GST implications and invoice preparation. The GST is paid on the Rs. 18 Lakhs difference. One participant suggests issuing an invoice cum bill-of-supply with a taxable value of Rs. 15.25 Lakhs, while another argues for a tax invoice showing the selling price as Rs. 28 Lakhs and taxable value as Rs. 18 Lakhs. The debate centers on the interpretation of Notification No. 8/2018 and whether the supply is partially exempt.