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
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