https://www.taxtmi.com/forum/issue?id=114053 GST on used cars is imposed on the margin of supply: if depreciation under income tax was availed, margin = sale consideration minus written down value (WDV); if depreciation was not availed, margin = sale price minus purchase price. Tax is payable on a positive margin and negative margins are ignored. Determining vehicle-specific WDV may require extracting purchase date from accounting records and applying the depreciation formula to that individual asset, noting possible differences between accounting WDV and tax WDV. en-us Sat, 18 Aug 2018 14:11:47 +0530 Thu, 23 Jan 2025 15:55:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114053 GST on used cars is imposed on the margin of supply: if depreciation under income tax was availed, margin = sale consideration minus written down value (WDV); if depreciation was not availed, margin = sale price minus purchase price. Tax is payable on a positive margin and negative margins are ignored. Determining vehicle-specific WDV may require extracting purchase date from accounting records and applying the depreciation formula to that individual asset, noting possible differences between accounting WDV and tax WDV. Discussion-Forum GST Sat, 18 Aug 2018 14:11:47 +0530 https://www.taxtmi.com/forum/issue?id=114053