A manufacturing business sold a used car that was part of its assets. They tried to pay GST only on the margin (sale price minus purchase price).
The Authority for Advance Ruling rejected their claim. Since the company was not engaged in the business of dealing in second-hand cars, it was not eligible for the margin scheme.
If you are not a professional second-hand car dealer, GST will be calculated on the entire transaction value — even if:
- You used the car for business
- You never claimed Input Tax Credit (ITC)
- The car is shown as an asset in your books
| Feature | Registered Second-Hand Dealer | Regular Business / Individual |
|---|---|---|
| GST Taxable Value | Margin (Sale Price - Purchase Price) | Full Sale Consideration |
| Eligibility | Must deal in second-hand goods | Any other business activity |
| Condition | No ITC claimed on purchase | Irrelevant (as per AAR ruling) |
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