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If Registered person had bought a car for personal use

My friend is a registered under gst volunterly he wanted to bought a car. My question is what is the impact of gst registration on the car.


manohar reddy

manohar reddy

CA Final

0

10-Nov-20 18:00

24

Answers (3)

Can you elaborate your doubt?


Suraj Lakhotia

Suraj Lakhotia

Admin

10-Nov-20 18:12

Goods means any kind of movable property other than money and securities but includes growing crops, grass, things attached to or forming part of land, used in the course or furtherance of business Here Car is for personal use and not a good So not taxable if he sell the same after registering


Gandlapati Hari Reddi

Gandlapati Hari Reddi

CA Final

9K+

10-Nov-20 22:58

Any person who has purchased motor vehicle has to GST on invoice to car dealer, but however as input tax was not allowed on motar vehicles u/s 17(5) blocked credit weather it is used for business or personal purpose


Madhuri Kopparapu

Madhuri Kopparapu

CA Final

9K+

13-Nov-20 23:44