https://www.taxtmi.com/forum/issue?id=115283 Where a business sells a used car that was acquired pre GST but used for business purposes, the disposal qualifies as a supply. Taxable value is computed on a margin basis: the difference between the sale price and the depreciated/written down value (per income tax computation). If the margin is positive, GST at the applicable notified rate for the vehicle category applies to the margin; if negative, no GST is payable. en-us Mon, 05 Aug 2019 10:57:06 +0530 Thu, 23 Jan 2025 15:55:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115283 Where a business sells a used car that was acquired pre GST but used for business purposes, the disposal qualifies as a supply. Taxable value is computed on a margin basis: the difference between the sale price and the depreciated/written down value (per income tax computation). If the margin is positive, GST at the applicable notified rate for the vehicle category applies to the margin; if negative, no GST is payable. Discussion-Forum GST Mon, 05 Aug 2019 10:57:06 +0530 https://www.taxtmi.com/forum/issue?id=115283