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Selling of a used car

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 July 2018 Dear Sir,
Please let me know if a registered gst dealer wants to sale a used car whose selling price is less than its w.d.v. , in this case whether the dealer is required to pay gst on it?
Thanking you.
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Udaya Chandran

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Udaya Chandran (Expert)
14 July 2018 If the selling price is less than WDV, no margin and no GST.
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