Gst on used car

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if registered person (company) under GST act sell used car (old car) to unregistered than treatment by registered person in its books under GST act ???

Replies (5)

GST is charged at the same rate it is charged on new cars, but on the dealer’s margins only, ranging from 28 per cent for a small car up to 43 per cent for an SUV.

RD will issue tax invoice for the margin amount with applicable GST to URD.

here company's business is not of cars.... company just selling its used car

what do the meaning of dealers margin here

Dealers margin is brokerage the used car dealers charge.

But in case the RD is not in the business of selling car, ...... it will not charge GST over the sell of its asset. (Not in line with furtherance of business !)

ok..... means no need to charge GST


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