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Composition Scheme for Second hand bike dealer

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16 Points Joined July 2021
Second hand bike dealer is eligible for composition scheme or not
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On 26 December 2021 at 11:04 Report
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Company Secretary
7085 Points Joined March 2014
Person dealing in Second hand goods cannot opt the composition scheme and pay tax on the value prescribed under Rule 32(5)
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On 26 December 2021 at 11:20
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16 Points Joined July 2021
What is GST Rate on Second hand bike
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On 26 December 2021 at 12:09
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GST Practitioner & Accounts
15083 Points Joined March 2014
As per rule 32(5) of the CGST rules , if no input tax credit availed on the purchase of such goods , then GST will be on difference between selling price and purchase price . So you have to pay GST on Margin.
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On 26 December 2021 at 12:46
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16 Points Joined July 2021
What is the GST Rate
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On 26 December 2021 at 13:50

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