old car sales under GST

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Dear Experts, We are going to sale our company car. Now GST for that is 28% + Cess 15% = Total 43% is coming When we bought the car we paid VAT 14.5% ( Excise duty already included and not shown d .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ealer invoice) only but when we sell it now 43% GST is coming which is very high. Whether we can adjust Excise credit already suffered earlier from that in the current rate 43% Kindly share your vie .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ws Thanks in advance Venkat - Reply By Ganeshan Kalyani - The Reply = In my view, you cannot adjust the set off of earlier law. Under transition only input in raw material, semi finished goods and .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... finished goods lieing as on 30.06.2017 is eligible to be carried forward to GST regime. - old car sales under GST - Query Started By: - venkat eswaran Dated:- 22-6-2017 Goods and Services Tax - G .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - Ta .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... xTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X