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Interstate used car transactions


16 August 2018 if a registered dealer buying a used car from other state and selling in other state ,e.g
i am registered dealer in haryana used car dealer under margin scheme
purchase old car from delhi state customer for rs 100000
sold the old car to other delhi customer for rs 110000
what gst occurs assumption gst rate 12%

17 August 2018 IGST @12% would be applicable on Rs.10000/-and no ITC would be available on the purchase of vehicle. Rule 32(5) of the CGST Rules.

17 August 2018 Any gst on purchase of used car from other state by registered used car dealer






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