Please confirm used car dealers is liable for gst at what rate
and whether he is entitled for composition scheme
1 Replies
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 18 July 2018
As per Rule 32(5) of the CGST Rules, 2017, where a taxable supply is provided by a person dealing in buying and selling of second hand goods i.e., used goods as such or after such minor processing which does not change the nature of the goods and where no input tax credit has been availed on the purchase of such goods, the value of supply shall be the difference between the selling price and the purchase price and where the value of such supply is negative, it shall be ignored.
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