Disposal of passanger car that was bought before 1/4/2015
I get to know recently that the sale of passenger car that was bought before GST implementation is subject to GST 6%. May i know is this an amended DG decision or it is the rule since 1/4/2015 ? what is the GST tax law section i can refer for this situation? Thank You
Disposal of passenger car bought before 1/4/2015 subject to GST @ 6% (SR).
Disposal of Passenger car bought after 1/4/2015 is out of scope and not subjet to GST – OS.
If goods under the blocked input tax are later disposed of, they are to be treated as not a supply. In this case, the registered person is not liable to charge and account for GST on such transaction.
(You may refer to Customs website under GST Specific Guide on Supply).