GST ON SUPPLY OF USED MOTOR VEHICLE BY TRANSPORTER, Goods and Services Tax - GST

[MANAV KEDIA]

WHAT WILL BE GST RATE ON SUPPLY OF USED MOTOR VEHICLE BY TRANSPORTER AND ALSO RELEVANT NOTIFICATION ?

Posts / Replies

[CS SANJAY MALHOTRA]

IGST Notification No 09/2018 w.e.f. 25/01/18

[Ganeshan Kalyani]

Great relief is given by the Govt by reducing the tax rate.

[CS SANJAY MALHOTRA]

Yes Ganeshan ji. Notification No 37/2017 cgst stands as is thereby meaning 65% of reduced tax rate.

[Ganeshan Kalyani]

this leads to a question as to which notification to be referred by an assessee. dilemma .

[CS SANJAY MALHOTRA]

Dear Sh. Ganeshan ji,

You are right. Registered Person has to work out which Notification suits him most. Notification 37/2017-CGST applies to sales value, whereas Notification issued on Jan 25, 2018 is on Margin of Supplier.