please provide a note regarding used cars under gst.
including the sections under gst.
if I sell my car BMW to a dealer of used car. has he pay rcm for the transaction.? if my car is sold rs 5 lakh. what about reverse charge and the car again sold by the dealer to another party. what is the rate of gst ?, the gst rate is effect total value of car or dealer margin or commission.?
give a clear cut example please.?
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used cars gst rate.?
Replies (6)
gst will be calculated on profit only. sold to dealer 5 lac , no gst , further he sold to customer 510000, then pay gst on 10000
gst not applicable if individual sold a car to individual. means not through broker or dealer
rate of tax
please
28 plus applicable cess
The rate of GST is an important tax that is levied on the sale of goods and services in India. The GST rate is set at 6%.
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