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SAC/HSN CODE FORM commission Sale purchase on Second hand car by dealer
dear all plz clear HSN/sac code for commission on sale/purchase of old cars
Replies (3)
how much % will charge on hsn no. 8708
sir it's Trading HSN code Gst payable of Margin money So plz clear HSN sac code for margin money on sale of old cars
Hi, Please post here if you got a solution,
1.What is the HSN code
2.What is the turnover we should show in GST Return, for eg if we bought a car at 5 Lakhs and sold it for 6 Lakhs,now we should show turnover of 6 lakh or 1 lakh(because we pay tax on margin in 2nd hand goods dealer margin scheme)
3.Now if we show turnover as 1 lakh, there will be miamatch between income tax return(600000) and GST return(100000)
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