Menu
Gst rate on second hand two wheeler sales
Please guide how is be charging gst on second hand buying and selling on two wheelers. Please give me an one example.
Replies (2)
Quick Summary
Gst is levied on supply of goods and services and selling of second hand car does not comes under the definition of supply thus no gst can be collected.
As per notification 8/2018 ( C T ) rate dt 25/1)2018 , GST applicable on Old and used vehicle selling , GST applicable on Margin ( Sales - Purchase ) value , So please refer notification for more details . Notification is available on CBIC web site / GST / Notification.
Recent Topics :
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
Related Topics :
CAclubindia
