Regarding Transfer Of Motor Vehicle Without Consideration.

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....egarding Transfer Of Motor Vehicle Without Consideration.<br> Query (Issue) Started By: - Shyam Agarwal Dated:- 4-12-2018 Last Reply Date:- 5-12-2018 Goods and Services Tax - GST<br>Got 2 Replies<br>G....

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....ST<br>Sir, Mr.A purchased a Motor Car as a business assets in GST Era. But as ITC is blocked,He has not taken the ITC of the same. Now, He wants to Gift the same to his relative WITHOUT CONSIDERATION.....

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.... 1.Whether GST is payable on Gift of such car as clause 4(a) of Schedule-II says about applicability of GST on business asset even without Consideration, even with or without ITC? 2.If yes, How GST ....

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....shall be computed 3.whether your reply differ, If He taken away for his personal use? Reply By CASusheel Gupta: The Reply: Schedule II is to be used only as guidance to classification of any supply....

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...., i.e. whether a supply is supply of goods/services. As per schedule I, disposal of business assets where input tax credit has been availed on such assets shall be treated as supply even if it is wi....

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....thout consideration. No GST is to be charged. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: GST is not leviable.<br> Discussion Forum - Knowledge Sharing ....