Sale of Used Car
This query is : Open
07 June 2020
Where to reflect sales of used motor car in GSTR-1 and GSTR - 3B in following 2 Cases:
1) If margin is negative resulting in no tax liability,
2) If margin is positive resulting in GST Payable.
1) If margin is negative resulting in no tax liability,
2) If margin is positive resulting in GST Payable.
Message likes :
1 times
07 June 2020
1 No need to show it in GSTR.
2 Raise tax invoice at 18% on margin amount and show it in GSTR 1 and GSTR 3 b.
2 Raise tax invoice at 18% on margin amount and show it in GSTR 1 and GSTR 3 b.
09 June 2020
Agree with above answer..
but Gst rate 12% / 18% depending on category of car
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Credit rating model
- 115-BAC-for AOP-private discretionary trust
- Youtube income
- IN PAGHDI SYSTERM . RENT RECPT CHANGE OF NAME AFTER FAMILY PARENTS TO SON
- Insurance make against any item and later get insurance claim received
- GST APPEAL ITC
- If Material shift from dry port local egm details not refleting on ICE gate portal
- ITR-U for AY21-22
- Surcharge applicability on LTCG loss
- Surcharge on discretionary AOP/TRUST for AY 25-26
- Employee claim Expnese Invoices
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- GST ON PERSONAL MOTORCAR SOLD
- Cash gift by grand mother to her grand daughter
- APPLICABILITY OF RCM ON MAN POWER SUPPLY BY UN REGISTERED PERSON TO REGISTERED PERSON.
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
