LIVE GST Certification Course by CA Arun Chhajer begins 10th February. Register Now!
Budget Books
imarticus

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

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
Previous
Next

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries


IIM Indor
Zoho

Trending Online Classes

GST Practitioner Certificate Course 34th Batch
CA Arun Chhajer
Enroll Now

Income Tax
CA Vishal G Poddar
Enroll Now

How to Identify Winning Stocks

CA Anurag Singal
Enroll Now
view all classess
Budget 2023


Answer Query

Stay updated with latest Posts!


Quick Links