Dear Sir
Please Guide whether Sale of old used car by any company to an individual attracts GST or not.
As per Notification No 9/2018 (attached), Explanation (i) of this notification says that if margin is negative, it shall be ignored.
Please note WDV of car is Rs100000/- and consideration would be Rs 50000/- (Hence negative margin of Rs 50000/-)
Thanks & Regards
Attached File : 247980 20180207175909 notfctn 09 2018 igst rate english.pdf downloaded: 110 times
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