Sale of second-hand car attracts GST at 18% on price differential

MUMBAI: Many companies which purchase assets such as cars, sell it after it has been used by either their executives or in the car-pool for the benefit of employees.  Dishman Carbogen Amcis Limited which had purchased an SUV for 80 lakhs, later wished to sell it for Rs. 55 lakh. The written down value as per its books of accounts was Rs. 47 lakh. No input tax credit had been availed by it, ag…