Gst rate on sale of old used vehicle
This query is : Resolved
27 September 2017
Dear Sir/ madam
Please tell to what is the rate of GST on Sale of Old Scorpio car from Limited company to unregistered person in UP.
Please tell to what is the rate of GST on Sale of Old Scorpio car from Limited company to unregistered person in UP.
Udaya Chandran
(Expert)
28 September 2017
Second hand sales is exempted if the following conditions are satisfied:
> The Goods should have been used before
> Purchase value is more than selling price
> Input tax should not be availed
> The Goods should have been used before
> Purchase value is more than selling price
> Input tax should not be availed
30 September 2017
KINDLY SEND A NOTIFICATION/CIRCULAR SPECIFIED THAT THERE IS NO GST OVER CAR SOLD BY COMPANY
Udaya Chandran
(Expert)
03 October 2017
Please refer Section 32(5) of CGST Rules
08 October 2017
As per Rule 32(5) of the CGST Rules, 2017, where a taxable supply is
provided by a person dealing in buying and selling of second hand
goods but.................... we are not dealing in second hand goods ie. car usually. our main business is manufacturing of steel. now what will be rate of GST ??
provided by a person dealing in buying and selling of second hand
goods but.................... we are not dealing in second hand goods ie. car usually. our main business is manufacturing of steel. now what will be rate of GST ??
Udaya Chandran
(Expert)
09 October 2017
GST rate for that product will be applicable.
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