Composition scheme (Query)

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73 Points Joined June 2017
If a composition dealer sells a used car to a registered dealer or an un registered dealer, at what rate he should levy GST ??
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On 11 April 2018 at 15:15 Report
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GST Practitioner
55067 Points Joined June 2017
He cannot levy GST

The assessble value shall be calculated based on Notification 8/2018 CT(R)... tax payable @ 1%

As per notification if any input is claim at the of purchase vehicle then gst is levy on transaction value of sale,
else on difference of sale minus purchase on marign (profit)
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On 12 April 2018 at 10:30
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73 Points Joined June 2017
Ok, Thankyou sir !!!
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On 12 April 2018 at 13:41
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7 Points Joined October 2017
hello sir if you dont mind than what is the notification no.???? @ pankaj rawat
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On 18 April 2018 at 14:49
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GST Practitioner
55067 Points Joined June 2017

1. NOTIFICATION  37 CT (RATE) , DT.13/10/2017 : IF VEHICHEL PURCHASE IN VAT REGIME & SOLD IN GST REGIME, GST WILL BE ON 65% OF TRANSACTION VALUE

2. NOTIFICATON 8/2018 CT (RATE) : AS EXPLAIND ABOVE

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On 18 April 2018 at 15:21
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84 Points Joined July 2017
notification no.8/2018 central tax(rate) dt.25/01/2018 will be applicable to him
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On 11 April 2018 at 16:33


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