Gst rates on used vehicles
This query is : Resolved
MANJUNATHA BHAT
(Querist)
26 March 2019
GST to be paid on the marginal value (Sale Value - Book value) when the old vehicle sold (No ITC claimed because depreciation claimed and vehicles are Fixed Assets). But GST how much Percent Payable if registered person sold following 2 Vehicles???
1. 4 years old OMNI car 1100 CC
2. 5 years old TVS Mopeds of 100 CC
1. 4 years old OMNI car 1100 CC
2. 5 years old TVS Mopeds of 100 CC
SHUBHAM SHARMA
(Expert)
26 March 2019
Sir, Check the notification no.8/2018(rate) CGST.
Thanks and Regards
CA Shubham Sharma
shubham.vnv@gmail.com
9462302922
Thanks and Regards
CA Shubham Sharma
shubham.vnv@gmail.com
9462302922
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