TaxTMI 
TaxTMI 
A register Taxpayer Bought Two Wheeler Value of Rs.110000 for own use and same Purchase ITC not claimed FY 2019-20 and sold Vehicle FY 2021-22 for loss of around 26000 after Depreciation and GST Payable for Total Sales ? or not need to pay kindly suggest provisions of act
OWN USE VEHICLE SALES DONE FOR LOSS ITS GST PAYABLE FOR TOTAL SALES ?
09 Aug 2025 
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Supply in course or furtherance of business: personal-use vehicle sales are not taxable as GST supply, check applicable rate notifications.
A sale of a vehicle bought for personal use is not a GST supply if used purely for personal purposes, so GST and ITC reversal issues ordinarily do not arise; check Notification 8/2018 Central Tax (Rate) for any specific rate entries affecting second hand vehicle transfers. One advisory remark compared sale proceeds to depreciated asset value when assessing taxability. (AI Summary)
A sale of a vehicle bought for personal use is not a GST supply if used purely for personal purposes, so GST and ITC reversal issues ordinarily do not arise; check Notification 8/2018 Central Tax (Rate) for any specific rate entries affecting second hand vehicle transfers. One advisory remark compared sale proceeds to depreciated asset value when assessing taxability. (AI Summary)