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GST for used vehicle
Can anyone share how gst applicable for dealer who's business is purchase and sale of used two wheeler vehicles.
Replies (3)
Quick Summary
If your aggregate turnover crossed Rs.40.00 Lac, you have to take GST registration and applicable rate will be 12% on the margin.
Can you please elaborate what margin means ?
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.
Also you may refer Notification No.08/2018-Central Tax Rate, Dt.25th January, 2018.
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