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old vehicle exchange
tractor dealer jo old tractor ya other vehicle exchange me lete he and usko bad me sale krenge to gst kese charge hoga at time of exchange and at time of sold old tractor sale.
Replies (7)
at the time of exchange gst is charges and when second hand asset is sold then only margin is taxable in case input tax credit not avail ...
at the of exchange on which amount charge gst sale - exchange or only sale
when 'exhange tractor 'is sold GST will charge on transaction Value (sale )
who can use margin scheme only old vehicle dealer or new vehicle dealer who buy old vehicle on exchange.
Only the dealer dealing in 2nd hand goods (As per rule 32(5) CGST Act)
thanks
U R Welcome .
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