Question1: My quarry is that my company has a car which the company has decided to sale it. whether GST is applicable on this car , my company has purchased in the name of company and under old Act. pl. clarify about leviable GST.


Answer: Your attention is invited to charging section which Section 7 subsection 1(a) of it contains as follow

(a) all forms of supply of goods or services or both such as sale, transfer, barter, exchange, licence, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business; The GST is to be charged irrespective of the fact whether the goods are purchased for manufacture or for sale or for use in business This situation is arised because now GST law is applicable at par to manufacturer as well as trader ,commission agent and service provider Accordingly the old car will be subjected to GST (Reply dt. 26/09/2017)