GST on Old and Used Vehicles: Does Selling a Used Vehicle Attract GST for all individuals?

Mitali , Last updated: 27 December 2024  
  Share

Is it true that the sale of an old or used car would attract more GST or if sold at a loss it will attract more GST on it? For this let us first know what is a Marginal Scheme As per Rule 32(5) of CGST Rules, 2017, Marginal Scheme means the value of supply shall be the difference between the selli

You have reached daily limit of 2 Free Articles. To view this or other Articles please subscribe to CCI PRO :

GST Plus

Stay updated! Stay ads free

Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.

CCI PRO annual subscription :

Original Price : INR 1999/-

Offer Price : INR 999/-

Duration : 1 year
(Prices Inclusive of GST)


Know More

Note: If you are a PRO member already, please click here to login (for ad free experience)
Join CCI Pro

Published by

Mitali
(Finance Professional)
Category GST   Report

Other Articles  
Comment   Share
1 Likes   723 Views
Comments

Related Articles


Loading


Popular Articles




CCI Pro

Trending Online Classes

view all classess

CCI Articles

You can also submit your article by sending to article@caclubindia.com

submit article

Browse by Category