TaxTMI 
TaxTMI 
gst on sale of used car
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....st on sale of used car<br> Query (Issue) Started By: - Madhavan iyengar Dated:- 31-7-2019 Last Reply Date:- 16-8-2019 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>A Company wants to sell a ....
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....used motor vehicle to its employee the cost when it acquired the vehicle was rs. 400000/- in 2014 no cenvat was taken at that time now it wants to sell at rs. 150000 treatment under gst in light of ....
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....notification no rate 08/2018 dated 25/01/2018 whether employer / employee being related party valuation rules would become applicable Reply By KASTURI SETHI: The Reply: In view of the situation exp....
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....lained by you and, especially, in view of Notification No.08/2018-CT (Rate) dated 25.1.18, Rule 28 of CGST Rules, 2017 does not come into picture. Reply By Ganeshan Kalyani: The Reply: Generally com....
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....pany supplies the used car to its employee on the book value as on the date of sale. The book value is as after reducing depreciation as per companies act. And when you work out written down value as ....
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....per income tax the wdv will be less. So there will be profit and GST is applicable on the margin. Reply By Ramesh Kothari: The Reply: As I understand from GST Act If any value left in book or not i....
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....t's immaterial the price at which sold GST attract<br> Discussion Forum - Knowledge Sharing ....