Easy Office
Easy Office

GST and Tax Implications on Purchase of used Vehicle

This query is : Resolved 
Profile Image

Profile Image

(Querist)
12 February 2022 Sir,

I have purchase used motor vehicle from an unregistered person for an amount of Rs. 30 Lakh through a sale agreement constituted in a stamp paper. what was the implications in respect of the above transaction?. Purchase of motor vehicle in excess of Rs. 10 lakh will attract TCS provision. Whether such provision attracts here?. Whether any GST impact on the said transaction as the seller was an unregistered person and RCM other than notified cases not prevailing as if now.
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
12 February 2022 TCS provisions not applicable in this case.
GST RCM not applicable in this case.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links