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The sale of a car by the company after using it for business purposes attracts 18% GST: Gujarat AAR

The Gujarat bench of the Authority for Advance ruling (AAR) on 01.06.2022 has held that the sale of used cars attracts 18% GST since it falls under the category of S.No. 3 to notification No. 8/2018-CT(Rate) dated 25.01.2018. It was further held that the value must be the difference between the sale consideration and the depreciated value under the Income Tax Act, 1961.

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