Vehicle Sale in GST
This query is : Resolved
19 March 2021
We, Proprietor concern sold a vehicle (Asset purchasesmore than 4 years before) to an unregistered party. May I know what all factors should consider as per GST?
Should I raise GST Bill and pay GST for the sale of vehicle?
please reply
Should I raise GST Bill and pay GST for the sale of vehicle?
please reply
19 March 2021
18% GST applicable on sale value in excess of book value. No GST in case of sale less than book value.
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