An individual buys a car for personal use and after a year sells it to a car dealer. Will the transaction be a supply in terms of CGST/SGST Act? Give reasons for the answer.

An individual buys a car for personal use and after a year sells it to a car dealer. Will the transaction be a supply in terms of CGST/SGST Act? Give reasons for the answer. https://www.taxtmi.com/acts?id=24358 Sale of a privately used car to a dealer is not a supply under CGST/SGST because the seller did not act in the course or furtherance of business and no input tax credit was admissible on acquisition as the car was for non business use. en-us Mon, 03 Apr 2017 14:46:12 +0530 Mon, 03 Apr 2017 14:46:12 +0530 TaxTMI RSS Generator An individual buys a car for personal use and after a year sells it to a car dealer. Will the transaction be a supply in terms of CGST/SGST Act? Give reasons for the answer. https://www.taxtmi.com/acts?id=24358 Sale of a privately used car to a dealer is not a supply under CGST/SGST because the seller did not act in the course or furtherance of business and no input tax credit was admissible on acquisition as the car was for non business use. Act-Rules Bills Mon, 03 Apr 2017 14:46:12 +0530 https://www.taxtmi.com/acts?id=24358