TaxTMI 
TaxTMI 
Sir, Proprietorship firm Purchase a car without GSTIN in purchase Invoice, accounted as Asset in 2021. Now sale it as Total loss for a scrap value. This sale GST are applicable? If so rate?
Old passenger car sale GST Impact
27 Mar 2025 
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GST liability: sale of used passenger car as scrap attracts no GST when there is no profit under 8/2018.
Advises that 8/2018-CT R applies to the proprietorship's disposal of the passenger car as total loss for scrap, and because the sale produces no profit (scrap value only), there is no GST liability on the transaction. (AI Summary)
Advises that 8/2018-CT R applies to the proprietorship's disposal of the passenger car as total loss for scrap, and because the sale produces no profit (scrap value only), there is no GST liability on the transaction. (AI Summary)
