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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.
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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
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18 July 2017
Welcome......
18 July 2017
is compensation cess is applicable on old car
18 July 2017
Not applicable.
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