gst on sale of old vehicle
Sabita Sahoo (622 Points)
09 September 2019
when a supplier dealing in buying and selling of second hand vehicle who has not availed ITC on purchase when sells,he has to pay gst @ 65% on the applicable gst rate including compensation cess and this provision is applicable up to 30.6.2020.Now the gst @ 65% on tax+ cess is to be calculated on what value I.e on margin or sale value?