What is the GST rate for used car sold by a firm if the selling firm is not a car dealer?
5 Replies
CA Shubham Kumar
(CHARTERED ACCOUNTANT)
(1053 Points)
Replied 16 November 2017
I think GST Should not be charged on used car.
CA Shubham Kumar
(CHARTERED ACCOUNTANT)
(1053 Points)
Replied 16 November 2017
I think GST Should not be charged on used car.
Vinay Garg
(Student cum businessman cum professional)
(859 Points)
Replied 16 November 2017
Sale of car cannot be said to be in the course or furtherance of business (as selling old vehicles is not the business of the said firm).
Thus as per sec 2(105) read with Sec.7, no GST is applicable in this case.
Thus as per sec 2(105) read with Sec.7, no GST is applicable in this case.
ishika
(CA)
(287 Points)
Replied 17 November 2017
For a used car 28% gst rate is applicable plus Cess.
Through this image, you can find GST Tax and Cess on Automobiles.
For any doubt and problems related to GST, you can visit GSTForumindia.in and ask your question openly
Recent Topics
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
