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GST on used car
whether a person dealing in sale and purchase of used car is required to pay gst on rcm basis on purchase of used car from a unregistered dealer or consumers like us?
Replies (6)
Yes, GST is payable on the same. However, RCM on URD purchases is suspended from 13.10.2017.Further, not only GST one has to also pay compensation cess. Having said that, one can always argue that the same is not for any business or furtherance and therefore no GST is applicable.
what is threshold limit for gst regd , sale value or difference value of pur & sale
gross turnover exceeds 20laks per annum..u have to get registration under gst regime
thanks
Gst and cess can be charge on margin in used car sales
WHAT ABOUT GST ON SALE OF OLD USED CAR BY A COMPANY TO ANOTHER COMPANY .
AND BOTH THE COMPANY'S ARE NOT DEALING IN SELLING & PURCHASE OF CAR.
WILL GST ATTRACT,IF YES AT WHAT RATE AND ON WHICH AMOUNT.
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