Car agency purchase a old car of rs 200000 and sell it of rs 250000
Gst should be charged on which amount 50000 or 250000?
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GST ON SALE OF OLD CAR BY CAR AGENCY
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GST on sale of second hand goods is charged on difference of buying and selling price as per Section 15(5) of CGST Act 2017 read with Rule 32 of Valuation Rules
GST in this case will be charged on 50,000
GST in this case will be charged on 50,000
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