Is GST Applicable on the Sale of a Used Car by a Company?

Autolivenews31 Oct, 2024Business

When companies sell used cars, questions often arise around tax obligations, especially whether GST is applicable on the sale of a used car by a company. Understanding GST (Goods and Services Tax) on such sales is important to ensure compliance with tax laws and maximise potential savings. Here, we explore the GST requirements, exemptions, and implications for companies selling used cars.