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Sale of old used car MARGIN SUPPLY APPLICABLE OR NOT

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12 April 2022 sir
sale consideration of motor car reduced by wdv as per income tax act
and will be charged 18% gst
instead of wdv as per cos act
The government provided a major relief to the suppliers of old and used motor vehicles through Notification No. 08/2018 – Central Tax (Rate) dated 25th January 2018.
MARGIN SUPPLY METHOS APPLICABLE
pl revert sitaraman sir
rgs

12 April 2022 You are right. Consider wdv as per books of accounts.



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