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used vehicle

27 December 2018

sir

gst rate of used delivery van sales(purchase on 2012-13 financial year inputvat claim capitalgoods) sale dec/18 gst rate % @ @ @

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3 Replies

Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 27 December 2018

GST will be applicable on Profit Margin (Sale -Purchase )

Note : Purchase value will be Book value

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MOHD SHAFI (37 Points)
Replied 28 December 2018

Thanks for information.
If book value of 1-4-2018 is 2.5 lacs and this is exchanging with same showroom and they valued below 2.5 lacs is there any tax liability?
and also if valued amt is above book value can we issue tax invoice and also can we collect marginal tax value? and also while filing 3B return which value is to be shown?