If a private limited company sells their old & used car to the car dealer and buys a new car from the same car dealer, then (1) will the company have to charge GST on sale of the old & used car, (2) if yes, what is the percentage of GST for sale of old & used car, (3) will the company get input credit when purchasing the new car?
Is there any government notification in this matter?
CAclubindia
