banner_ad

GST for used vehicle

242 views 3 replies
User Avatar

23
36 Points Joined February 2014
Can anyone share how gst applicable for dealer who's business is purchase and sale of used two wheeler vehicles.
0 Reply Share Follow
On 01 December 2021 at 13:02 Report
Replies (3)
User Avatar

Employee Private
1913 Points Joined July 2017

If your aggregate turnover crossed Rs.40.00 Lac, you have to take GST registration and applicable rate will be 12% on the margin. 

Reply
On 01 December 2021 at 18:14
User Avatar

23
36 Points Joined February 2014
Can you please elaborate what margin means ?
Reply
On 01 December 2021 at 19:04
User Avatar

Employee Private
1913 Points Joined July 2017
The difference between the selling price and the purchase price.
Also you may refer Notification No.08/2018-Central Tax Rate, Dt.25th January, 2018.
Reply
On 02 December 2021 at 10:37

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details