Is GST Applicable on the Sale of a Used Car by a Company | AUTOLIVENEWS

When considering the sale of a used vehicle by a company, the question often arises: Is GST applicable on the sale of a used car by a company? Yes, GST is typically applicable, but the rate may vary depending on factors like the car’s original purpose (e.g., business use), whether input tax credit was claimed on the vehicle, and specific GST rules. It’s important to review tax regulations to ensure compliance and accurate calculations.