https://www.taxtmi.com/forum/issue?id=117101 Sale of an old vehicle for consideration constitutes supply and attracts GST. For a registered person who claimed depreciation, taxable value under the notification is the margin equal to selling price minus the written down value (WDV), with any negative margin ignored; where no depreciation was claimed, margin is selling price minus purchase price, negative margin ignored. Valuation Rules and the rate notification must be read together; compensation cess on such vehicles was removed by amendment. en-us Wed, 17 Mar 2021 16:30:23 +0530 Thu, 23 Jan 2025 15:54:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117101 Sale of an old vehicle for consideration constitutes supply and attracts GST. For a registered person who claimed depreciation, taxable value under the notification is the margin equal to selling price minus the written down value (WDV), with any negative margin ignored; where no depreciation was claimed, margin is selling price minus purchase price, negative margin ignored. Valuation Rules and the rate notification must be read together; compensation cess on such vehicles was removed by amendment. Discussion-Forum GST Wed, 17 Mar 2021 16:30:23 +0530 https://www.taxtmi.com/forum/issue?id=117101