What is the GST impact on the purchase of used car? The buyer is GST registered assessee and the seler is not registered under GST? What if seller is also registered under GST?
Kindly advise.
4 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 23 April 2018
If seller is registered then GST applicable for the Sale of Used Car as per it's rate...
SSG
(1936 Points)
Replied 23 April 2018
If seller is unregistered do the buyer (registered under GST) need to deposit GST under RCM?
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 24 April 2018
It is treated as exempted pjurchase, as per notification 10/2017, CT (rate)
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