WHAT IS THE TAX TREATMENT AND APPLICABILITY OF TAX RATE ON COMMERCIAL VEHICAL PURCHASED IN PRE-GST REGIME, ON WHICH ITC HASN'T BEEN CLAIMED, SOLD IN GST REGIME ?? WHAT ARE THE SECTIONS APPLICABLE ?
5 Replies
Vinit22
(pune)
(31 Points)
Replied 07 June 2018
section 15 and section 17 is applicable.
if ur in the business of dealing with vehicle then gst in to be paid on such sale.
if ur in the business of dealing with vehicle then gst in to be paid on such sale.
RAKSHIT MEHTA
(tax consultant)
(114 Points)
Replied 07 June 2018
NO THE TAXPAYER IS NOT ENGAGED IN DEALING OF VEHICLE, HE IS = IN TEXTILE BUSINESS, IS GST PAYABLE ON SUCH TRANSFER ?
Vinit22
(pune)
(31 Points)
Replied 07 June 2018
if no itc was taken on such vehicle then no GST is required to be paid.
Who is the purchaser?
if he is unregistered the not liable for GST.
Who is the purchaser?
if he is unregistered the not liable for GST.
Vinit22
(pune)
(31 Points)
Replied 08 June 2018
if the purchaser has charged has charged GST then u can take ITC of the same GST paid by u
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