Home Forum Goods and Services Tax - GST Month 10 2021 2021 (10) This
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GST IMPACT ON DEALER OF SECOND HAND VEHICLE - Goods and Services Tax - GSTExtract A dealer registered under gst purchases second hand vehicles and sale that after adding his margin in two ways described below: 1. Purchase seocnd hand vehicle in his own name and then sale that to customer 2. Purchases second hand vehicle and sale that without incorporating his name and just acts an intermediary and just earns the margin as income. In these two cases please help me with the updated law on the taxability and whether can he take any itc on the improvements made in the car before selling it off in both thses cases??
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