used vehicle sale
sajeer k (accounts officer) (177 Points)
30 May 2018
need gst registration for used two wheeler sale businesses?
4 Replies
Vinod Babu
(24191 Points)
Replied 30 May 2018
A business whose aggregate turnover in a financial year exceeds Rs 20 lakhs has to mandatorily register under Goods and Services Tax. This limit is set at Rs 10 lakhs for North Eastern and hilly states flagged as special category states. Also, the definition of taxable turnover has been changed to aggregate turnover.
Subhkaran Surana
(343 Points)
Replied 31 May 2018
Yes, as per section 22(1) of the CGST Act, 2017,
registeration is required if the aggregate turnover exceed the threshold limit of 20 lacs
in case of special category states as defined under ARTICLE 249(4g) the limit is 10 lacs.
GST is to be paid on the difference between the sale price and the purhase price, as per section 15 of the CGST Act, 2017 read with rule 33 of the CGST Rules 2017
registeration is required if the aggregate turnover exceed the threshold limit of 20 lacs
in case of special category states as defined under ARTICLE 249(4g) the limit is 10 lacs.
GST is to be paid on the difference between the sale price and the purhase price, as per section 15 of the CGST Act, 2017 read with rule 33 of the CGST Rules 2017
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 31 May 2018
| Originally posted by : sajeer k | ||
 |
need gst registration for used two wheeler sale businesses? |  |
No Need
If Your threshold limit not cross as mentioned under GST
sajeer k
(accounts officer)
(177 Points)
Replied 31 May 2018
ir is crossing above 20 lacs
what is the gst rate
what is the gst rate
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