sale of old and used utility belero vehicle from private limited company.
thanks
Venu Prasad
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applicable rate of tax
Replies (1)
If vehicle was purchased in vat regime then such vehicles when sold will attract GST wjll applicable on 65% of transaction value
Plz read notification 37 cgst act dtd. 13/10/17
if in GST regime, & no input is claim, at the time of purchase , GST will be charge on margin value (sale-purchase)
as per notification 8 CT 2018
Plz read notification 37 cgst act dtd. 13/10/17
if in GST regime, & no input is claim, at the time of purchase , GST will be charge on margin value (sale-purchase)
as per notification 8 CT 2018
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