When an Old Staff Bus sold from SEZ unit, whethe GST applicable on the same or not??
Menu
Gst applicability
Replies (11)
should be applicable.
YES , GST IS APPLICABLE
My opnion, used car not liable to GST, if purchase after 01.07.2017. (due to availment of cenvat credit restricted in Section 17(5).
Taxing the sale of Used Car results in double Taxation.
Used car has not defined clear in GST law.
Used car not come under GST.
The supply of old bus from SEZ into DTA would attract custom duty and IGST with compensation cess. The age of the bus may be relevant for valuation for the purposes of charging BCD and IGST. The recipient of Bus will pay these taxes under Reverse Charge Mechanism.
Ramesh Ji , sir why RCM is applicable ????
Because purchase from SEZ is treated as import. And for import the purchaser shall pay IGST under RCM
But , in import of goods the IGST is already being charge therin in shipping bill !!!!!
If motor car had purchased prior to 01.07.2017 then you have to pay 65% of GST and Cess.
You can take 35% abatement and GST will be charge 18%.
Correct Mukesh ji as per notifications 37
Thanks Pankaj Ji 
Recent Threads
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
- Regarding cancellation of GST Number
- GST on business receipts pre -registration
- A Restaurant registered under the Composition Sche
Related Threads
CAclubindia
