is my Trading attract any gst liability
This query is : Resolved
28 September 2017
I obtain vehicle from finance company in an auction (where the original buyer is not paid loan and company took his vehicle and sales in auction) and sale ..
here the RC of vehicle transfer to unregistered person to unregistered person ..
can I claim that my income is only commission in the above transactions..
is any GST liability on me .
28 September 2017
since you buy it through uction....the whole amount is your purchase. You can NOT regard only the commission income.
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