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About used vehicle sale?
pls elaborate used vehicle sale to B2C,B2B
Replies (2)
There is Margin Scheme for Sale of second hand goods.
If ITC is availed availed then as per normal taxation.
And if ITC is not availed then Margin scheme can be opted i. E. Pay tax only on the difference of selling price less purchase price.
If ITC is availed availed then as per normal taxation.
And if ITC is not availed then Margin scheme can be opted i. E. Pay tax only on the difference of selling price less purchase price.
If vehicle is pertaining to vat regime then gst is applicable on the 65% of transaction value
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