an oil trading business company is selling its one of the old vehicle TATA ACE to an individual is there any Gst applicable in this case,if applicable what is % of Gst applicable ?
Replies (18)
Guest
Yes, GST applies here. See chapter 87 for HSN and rate. And check for cess also.
if gst is applicable on second hand vehicle sale then double taxtation will be apply because at the time of first purchase tax already paid theb why we paid it again.
Guest
Yes, it is right. Because the input tax credit is also not allowed, except in some cases.