GST applicability for resale of vehicle

This query is : Resolved 
Profile Image

Profile Image

(Querist)
29 November 2022 Which GST rate is applicable for resale of Lorry?

Thanks in advance.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
29 November 2022 In case of dealers 18% GST applicable on profit margin.
Profile Image

G Prathiba

Profile Image

G Prathiba (Querist)
29 November 2022 Other than a dealer 'what is the GST Rate" for sale of used lorry?
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
29 November 2022 In case ITC is availed 28% GST applicable on sale value.
Profile Image

G Prathiba

Profile Image

G Prathiba (Querist)
29 November 2022 If it is purchased before GST applies? no ITC claimed.
Then, What is rate of GST?

Thanks in advance.
Profile Image

Manish

Profile Image

Manish (Expert)
29 November 2022 18% on margin amount (sale price less WDV as per income tax).

https://cbic-gst.gov.in/pdf/central-tax-rate/notfctn-08-2018-cgst-rate-english.pdf
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
29 November 2022 I agree with the above reply
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

🤖 Summarize this with AI: 💬 ChatGPT 🔍 Perplexity 🤖 Claude 🔮 Google AI Mode 🐦 Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Meet our PRO Members
Subscribe to CAclubIndia Pro

Trending Online Classes

view all classess
Follow us


Answer Query



Quick Links



Browse by Category