https://www.taxtmi.com/forum/issue?id=118108 Sale of a business vehicle by a GST-registered person is a taxable supply. If input tax credit was availed on the vehicle, the seller must effect the input tax credit reversal: pay the input tax credit taken reduced by prescribed percentages or the tax on the transaction value of the vehicle, whichever is higher. If no input tax credit was claimed, GST is payable on the transaction value (sale price to an unrelated buyer). en-us Tue, 09 Aug 2022 21:43:24 +0530 Thu, 23 Jan 2025 15:54:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118108 Sale of a business vehicle by a GST-registered person is a taxable supply. If input tax credit was availed on the vehicle, the seller must effect the input tax credit reversal: pay the input tax credit taken reduced by prescribed percentages or the tax on the transaction value of the vehicle, whichever is higher. If no input tax credit was claimed, GST is payable on the transaction value (sale price to an unrelated buyer). Discussion-Forum GST Tue, 09 Aug 2022 21:43:24 +0530 https://www.taxtmi.com/forum/issue?id=118108