TREATMENT IN GST TO SALES OF COMMERCIAL VEHICLE WITH GST.

Rules 551 views 2 replies

I TAKEN COMMERCIAL VEHICLE ON OCT 2017 AND I ALSO TAKE GST CREDIT ON IT, BUT I WANT TO SELL THIS VEHICLE, CAN GST ON SALE OF THIS VEHICLE IS APPLICABLE. IF APPLICABLE WHAT IS RATE OF GST.

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Replies (2)

Read notification no 8/2018 central tax rate

 

It's 18% on margin value

Margin = sale price less WDV as per income tax

 

If there's no margin then no GST.

Yes you can refer Notification No. 8/2018 - Central Tax ( Rate ), dated 25th January 2018 to know the GST Rates on sale of Second hand Motor Vehicles.


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