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  1. Rahul Trivedi
  2. Second Hand Cars
  3. Monday, August 21 2017
I had purchased a car under the company car policy and hence the same was in the name of the company.

I am leaving the company now after 11 months and as per policy, I have to buy the car from the company before my last working day.

Is there any tax amount that I need to pay while purchasing the car from my company after the GST changes?
If yes, then how much tax needs to be paid?
Admin Accepted Answer
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Hello,

To the best of info and reports with comments by Revenue Secretary
> GST on used cars is to be applicable only on the margins made by Dealer
> No GST is to be levied on transaction where sale by Individual to Individual
> No GST is to be levied on transaction where sale by Individual to Dealer

Only where dealer has made margin - means profit on purchase of used car and selling used car there GST is to be levied at 28% on the profit aspect.

So - in the specified case as mentioned by you - NO GST is to be levied
For more details - refer
> GST on Used Cars
> RC Transfer Process

Hope should help !!


  1. more than a month ago
  2. Second Hand Cars
  3. # 1
sudhir Accepted Answer
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Sir,

Can you provide notification or circular or any other material for more clarification.


  1. more than a month ago
  2. Second Hand Cars
  3. # 2
A S Accepted Answer
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I was using company CTC honda city and have paid interest free emis to company for 3 years now since im changing my job i have to buy this car from company , in such event do i need to pay GST on getting transfer of this car in my name?


  1. more than a month ago
  2. Second Hand Cars
  3. # 3
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