We have to sell an old Motor Car which was brought in Sept-2017. The depreciated Value as on 31.03.23 is Rs.4,06,200/-.& now the sale value is Rs. 5,50,000/-. (Old & used diesel driven motor vehicles of engine capacity is 2523cc).
Whether we have to charge GST on the above sale. If yes, what amount we have to consider for GST.
Is there any exemption. If yes under which notification.