https://www.taxtmi.com/forum/issue?id=112875 When the sale of a firm-owned car constitutes a disposal in the course of business, GST and compensation cess apply at the rate for cars. Private sales outside business do not attract GST. Where a dealer purchases for resale, the dealer's onward supply will be taxed and, in exchange transactions, GST and cess are treated as payable on the full invoice value of the new car rather than merely on the net exchange differential. en-us Tue, 26 Sep 2017 11:38:38 +0530 Thu, 23 Jan 2025 15:55:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112875 When the sale of a firm-owned car constitutes a disposal in the course of business, GST and compensation cess apply at the rate for cars. Private sales outside business do not attract GST. Where a dealer purchases for resale, the dealer's onward supply will be taxed and, in exchange transactions, GST and cess are treated as payable on the full invoice value of the new car rather than merely on the net exchange differential. Discussion-Forum GST Tue, 26 Sep 2017 11:38:38 +0530 https://www.taxtmi.com/forum/issue?id=112875