Gst on second hand car
This query is : Resolved
15 August 2019
Hi Expert,
We have dealing in Second Hand Car.
Purchase of Car Rs. 1,40,000
Sale of Car Rs. 1,70,000
Profit - 30,000 (as per marginal scheme we have paid GST on Profit)
My Q is In 3B Where i can show 1,70,000 Amount, (In taxable i can show Rs. 30,000)
Please advice. also correct me if i am wrong on above case.
Thanks,
We have dealing in Second Hand Car.
Purchase of Car Rs. 1,40,000
Sale of Car Rs. 1,70,000
Profit - 30,000 (as per marginal scheme we have paid GST on Profit)
My Q is In 3B Where i can show 1,70,000 Amount, (In taxable i can show Rs. 30,000)
Please advice. also correct me if i am wrong on above case.
Thanks,
16 August 2019
Show only 30,000 as turnover.
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