OWN USE VEHICLE SALES DONE FOR LOSS ITS GST PAYABLE FOR TOTAL SALES ?

OWN USE VEHICLE SALES DONE FOR LOSS ITS GST PAYABLE FOR TOTAL SALES ? https://www.taxtmi.com/forum/issue?id=120336 A sale of a vehicle bought for personal use is not a GST supply if used purely for personal purposes, so GST and ITC reversal issues ordinarily do not arise; check Notification 8/2018 Central Tax (Rate) for any specific rate entries affecting second hand vehicle transfers. One advisory remark compared sale proceeds to depreciated asset value when assessing taxability. en-us Sat, 09 Aug 2025 19:46:22 +0530 Tue, 12 Aug 2025 09:52:38 +0530 TaxTMI RSS Generator OWN USE VEHICLE SALES DONE FOR LOSS ITS GST PAYABLE FOR TOTAL SALES ? https://www.taxtmi.com/forum/issue?id=120336 A sale of a vehicle bought for personal use is not a GST supply if used purely for personal purposes, so GST and ITC reversal issues ordinarily do not arise; check Notification 8/2018 Central Tax (Rate) for any specific rate entries affecting second hand vehicle transfers. One advisory remark compared sale proceeds to depreciated asset value when assessing taxability. Discussion-Forum GST Sat, 09 Aug 2025 19:46:22 +0530 https://www.taxtmi.com/forum/issue?id=120336