Question12: One of my client wishes to sell its old car which they have purchased before GST scenario. Weather GST applicable on that and at what rate and value'

Answer: According to the provisions of Section 7(1) of CGST Act, 2017 all forms of supply of goods or services or both such as sale , transfer, barter, exchange, licence, rental, lease or disposal etc. made for a consideration by a person in furtherance of business would be covered under the term 'Supply' and would be leviable to tax under the GST regime at the appropriate rate applicable according to relevant HSN Code, irrespective of the fact whether credit has been availed or not under earlier of existing regime. The applicable rate of tax on sale of old vehicle under GST is 28% plus 15% cess. (Reply dt. 04/12/2017)