gst on second hand motor car

Jeetu Kodwani (Consultant) (421 Points)

16 July 2018  
dear expert.

taxable value for second hand car is difference between sale value - purchase cost. and taxable @ 18%
I.e margin scheme

but for the purpose of registration limit (20 lacs) which value to be considered....?
1 - sale value of car ..
or
2- taxable value as calculated above.