old vehicle rate
Pooja Singhal (108 Points)
11 February 2019
tax rate on old vehicle if government auction as a scrape.
10 Replies
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 11 February 2019
As per Circular 76/50/2018 read with toNotification 36/2017 CT (r) If recepient is registered then RCM is applicable else Govt has to deposit the GST
Rate is 28%
Rate is 28%
Vinod Babu
(24191 Points)
Replied 12 February 2019
If the vehicles are supplies in auction sale with registration certificate, the rate of vehicle shall be applied, i.e., 28%.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 12 February 2019
An Auctioner is being appointed By govt & the auctioner will raise the bill for services provided to Govt .
Pooja Singhal
(108 Points)
Replied 12 February 2019
if sale as a scrape without registration than tax rate?
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 12 February 2019
IF IT IS BEING SOLD AS SCRAPE THEN RATE OF SCRAPE WILL BE APPLICABLE
WHAT DO MEAN BY" WITHOUT REGISTRATION" !!!!!!!
Pooja Singhal
(108 Points)
Replied 12 February 2019
without registration means vehicles registration transfer
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 12 February 2019
TO SELL AS SCRAPE REGISTRATION IS NOT REQUIRED
Recent Topics
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
- ITC reversal in GST 3B
Related Threads
CAclubindia
