https://www.taxtmi.com/caselaws?id=423292 The AAR ruled on GST implications for a business-used car sold without input tax credit. For valuation, the taxable amount is the difference between sale price (55 lakhs) and depreciated value (47 lakhs) at time of supply. The applicable GST rate is 18% (9% CGST + 9% SGST) on this margin. The Authority clarified that the margin value representing the supplier's profit must be calculated exclusive of GST, based on the difference between consideration received and the car's depreciated value as determined under Income Tax Act Section 32. en-us Wed, 01 Jun 2022 00:00:00 +0530 Thu, 03 Apr 2025 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423292 The AAR ruled on GST implications for a business-used car sold without input tax credit. For valuation, the taxable amount is the difference between sale price (55 lakhs) and depreciated value (47 lakhs) at time of supply. The applicable GST rate is 18% (9% CGST + 9% SGST) on this margin. The Authority clarified that the margin value representing the supplier's profit must be calculated exclusive of GST, based on the difference between consideration received and the car's depreciated value as determined under Income Tax Act Section 32. Case-Laws GST Wed, 01 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423292