TaxTMI 
TaxTMI 
Sale of old car
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....ale of old car<br> Query (Issue) Started By: - Subir Bose Dated:- 2-4-2018 Last Reply Date:- 10-4-2018 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>Dear sir, My partnership firm wants to s....
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....ell a car purchased in the year 2009 to a unregistered person and also wants to buy a new car. So is gst applicable on sale and itc applucale on puchase of new car? Subir Bose Reply By KASTURI SETHI....
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....: The Reply: GST is payable on sale of old car. ITC is not admissible on purchase of a new car. Read Section 17(5) of CGST Act, 2017. Reply By Ganeshan Kalyani: The Reply: As per IGST Notification ....
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....No 09/2018 w.e.f. 25/01/18 old and used car is taxable on the written down value of cad minus sale value. Reply By YAGAY AND SUN: The Reply: This IGST Notification No 09/2018 w.e.f. 25/01/18 has dil....
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....uted the judgments of various high court and also the advance ruling of various State VAT Departments. The moot question is that when you are not allowed to avail ITC at the time of purchase of car ....
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....(except only in some cases) and how come it is required to pay the tax on sale of car. it is tantamounting to double taxation. This issue had been raised in various forum but no concrete solution was....
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.... provided.<br> Discussion Forum - Knowledge Sharing ....