GST LIABILITY ON OLD VEHICLE SOLD
This query is : Resolved
Gokul Sharma
(Querist)
15 October 2019
Dear Experts
We are registered dealer of mahindra vehicle. we purcahsed old vehicle from customer and sale to other customer.
we pay gst only on the margin we earned.
do we doing right
We are registered dealer of mahindra vehicle. we purcahsed old vehicle from customer and sale to other customer.
we pay gst only on the margin we earned.
do we doing right
15 October 2019
Yes ,if you are a dealer ,gst required to be charged only on margin (Sale - purchase)
Gokul Sharma
(Querist)
15 October 2019
but sir we are doing unregistered purchase....is there any rcm liability
15 October 2019
No GST required to be paid under RCM for purchase from unregistered persons.
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