Gst liability of used vehicle business
This query is : Resolved
20 December 2017
Dear sir,
I have engaged in used vehicle business( buying and selling of second hand vehicle). whether shall i liable to take GST registration, if "yes", on which amount i have to pay tax?.
I have engaged in used vehicle business( buying and selling of second hand vehicle). whether shall i liable to take GST registration, if "yes", on which amount i have to pay tax?.
20 December 2017
You need to take registration. You have to pay GST on the margin amount (Purchase value-Sale value). If there is no margin, no tax.
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