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Composition Scheme for Second hand bike dealer
Second hand bike dealer is eligible for composition scheme or not
Replies (4)
Quick Summary
Person dealing in Second hand goods cannot opt the composition scheme and pay tax on the value prescribed under Rule 32(5)
What is GST Rate on Second hand bike
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.
What is the GST Rate
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