Get Rate
This query is : Open
16 July 2017
sir
Please tell me what is the rate of GST on old car sale by authorized dealer of car.
Thanks in advance
17 July 2017
28% on margin.
Message likes :
1 times
17 July 2017
but the purchase may be from unregistered person. then it may be 28% on total amount.
17 July 2017
As per rule 32(5) there is margin scheme on purchase & sale of old goods.
In that you have to pay tax on margin amt only. No RCM applicable if purchased from unregistered dealer & you can't avail ITC also.
17 July 2017
Thank You Madam for advise
Message likes :
1 times
18 July 2017
Welcome......
18 July 2017
is compensation cess is applicable on old car
18 July 2017
Not applicable.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Reporting Income under Section 44ADA
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
