https://www.taxtmi.com/forum/issue?id=113103 Disposal of a used motor vehicle by a registered person engages GST as a transfer or disposal of business assets under Schedule II and Sec 7(1), while Sec 17(5) restricts Input Tax Credit for motor vehicles. Notifications and CGST rules provide alternative valuation approaches: taxable value may be fixed at a concessional portion of consideration or determined under the margin scheme as the seller's margin (difference between sale price and purchase or depreciated value where depreciation was claimed). The applicable tax is the motor vehicle tax rate plus any cess, and treatment varies by dealer status and prior ITC. en-us Fri, 24 Nov 2017 17:32:54 +0530 Thu, 23 Jan 2025 15:55:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113103 Disposal of a used motor vehicle by a registered person engages GST as a transfer or disposal of business assets under Schedule II and Sec 7(1), while Sec 17(5) restricts Input Tax Credit for motor vehicles. Notifications and CGST rules provide alternative valuation approaches: taxable value may be fixed at a concessional portion of consideration or determined under the margin scheme as the seller's margin (difference between sale price and purchase or depreciated value where depreciation was claimed). The applicable tax is the motor vehicle tax rate plus any cess, and treatment varies by dealer status and prior ITC. Discussion-Forum GST Fri, 24 Nov 2017 17:32:54 +0530 https://www.taxtmi.com/forum/issue?id=113103