Birdwatch Archive

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2024-12-24 06:41:33 UTC - HELPFUL

Rated by Participant: 63C2497C06CFBD11FBCDC4538728EEA0BE8B1AA45EB615F68356F104AD9AB0F0
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Original Note:

Incorrect assertion in the post. GST is applicable on sale of cars by businesses where there is a markup pricing done by businesses over and above the buying price. Depreciated sale value will not be covered under GST https://www.businesstoday.in/personal-finance/tax/story/18-gst-on-used-cars-why-businesses-will-feel-the-pinch-not-individuals-458148-2024-12-21

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