Vehicle sale gst
Nishu Kotian (332 Points)
09 March 2021sale consideration date 5/2/2021
sale time we are not collected gst amount from party
in this case gst is liability coming or not that vehicle ???
Nishu Kotian (332 Points)
09 March 2021
prasad Nilugal
(3914 Points)
Replied 09 March 2021
Divyam Agarwal
(Practicing Chartered Accountant)
(959 Points)
Replied 09 March 2021
Abhishek Parmar
(26 Points)
Replied 09 March 2021
prasad Nilugal
( GST Practitioner & Accounts )
(14606 Points)
Replied 09 March 2021
In Notification 8/2018 (C.T) rate dated 25/1/2018 , It is clearly mentioned that , This Notification shall not apply , If the supplier has availed input Tax credit , However In query Mr Kotain has clearly mentioned that They have not availed Input Tax credit , on 1/9/2017 at time of purchase of Vehicle .
prasad Nilugal
( GST Practitioner & Accounts )
(14606 Points)
Replied 09 March 2021
As per my opinion GST is applicable on margin as per Notification above and information given in query , If still you have any doubt , confirm with more people also .
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