Menu
query
what is the tax treatments in the business of second hand purchase and sale of cars?
Replies (3)
The business profit will be taxable based on the nature of business entity.
in second cars the value of supply will be the difference between the cost at which it was acquired and the cost at which it is resold on that difference GST will be charged rule 32(5)
Gst is applicable on profit margin of sale purchase,
If no profit , then no gst
If no profit , then no gst
Recent Topics :
- TDS on payment to a non resident
- NSFA(National Food Security Act) commission
- RCM applicability on petty GTA freight (₹450
- Short payment reccieved in export & GST implic
- Parag Gupta vs Purushottam Aggarwal- who is best f
- GST applicability on own-vehicle goods transportat
- FAST DS Scheme 26
- 12A registration expired in FY 22-23 and is not re
- Seeking Clarification on Business Code Selection a
- CG on property sold after construction of a house
Related Topics :
ARTICLESHIP
15 September 2026
Freelance Taxation Content Writer Intern
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
ARTICLESHIP
21 September 2026
CA Article Assistant
KK & Company Chartered Accountant
Pune
CA Inter
View Details
CCI
Pro
CAclubindia
