sale of motor vehicle by registered person to car dealer is taxable under gst....
consideration received Rs. 150000/-
whether this transaction is taxable under gst...???
YES TAXABLE
4 Replies
Bibek jaiswal
(Accountant)
(528 Points)
Replied 06 June 2018
yes GST is applicable on sale of motor vehicle
GEETIKA
(Article)
(28 Points)
Replied 06 June 2018
please provide me the provision applicable here...also rate applicable on such sale
Bibek jaiswal
(Accountant)
(528 Points)
Replied 06 June 2018
If vehicle was purchased in vat regime and sold in GST will attract GST on 65% of the the Transaction Value (Sale value)
Plz read notification 37 cgst act dtd. 13/10
Plz read notification 37 cgst act dtd. 13/10
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