Exchange of Car

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..... A GST registered person exchanges his old car for new car. The car Company credits him with 1) value of old car 2) Exchange Bonus and 3) Loyalty bonus. Item No. 1 is subject to GST as per .....

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..... notification No.8/2018 dated 25 th January 2018 . Are loyalty Bonus and exchange bonus are also subject to GST. - Reply By HIREGANGE& ASSOCIATES - The Reply = The exchange value fixed for the .....

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..... old car in excess of the book value shall be liable for GST @18% or 12% as the case may be as per notification No.8/2018 dated 25 th January 2018 . Loyalty Bonus and Exchange bonus is the reduction .....

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..... in the sale price of the new car (in the form of discount) - No GST attracts on the same. Regards Sudhir V. S sudhir@hiregange.com - Exchange of Car - Query Started By: - Ethirajan Parthasarat .....

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..... hy Dated:- 28-12-2018 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - t .....

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..... axmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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