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AJITKUMAR PATEL
(Querist)
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
CA Rashmi Gandhi
(Expert)
17 July 2017
28% on margin.
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AJITKUMAR PATEL
(Querist)
17 July 2017
but the purchase may be from unregistered person. then it may be 28% on total amount.
CA Rashmi Gandhi
(Expert)
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.
AJITKUMAR PATEL
(Querist)
17 July 2017
Thank You Madam for advise
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CA Rashmi Gandhi
(Expert)
18 July 2017
Welcome......
AJITKUMAR PATEL
(Querist)
18 July 2017
is compensation cess is applicable on old car
CA Rashmi Gandhi
(Expert)
18 July 2017
Not applicable.
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