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gst on sale of old vehicle
when a supplier dealing in buying and selling of second hand vehicle who has not availed ITC on purchase when sells,he has to pay gst @ 65% on the applicable gst rate including compensation cess and this provision is applicable up to 30.6.2020.Now the gst @ 65% on tax+ cess is to be calculated on what value I.e on margin or sale value?
Replies (1)
sir please clarify your query because the rules have changed. cess is not applicable now as far as i am concerned
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