Goods and Services Tax – Started By: – SHAILENDRA singh – Dated:- 30-10-2018 Last Replied Date:- 31-10-2018 – I'm in process of selling a car which was purchased 1 year ago for the purpose of transportation of passengers hence ITC was take at the time of purchase. what rate of GST should i Charge? on what value? is there any cess applicable ? – Reply By Ganeshan Kalyani – The Reply = In my view, GST is applicable on the difference of Sale value and the purchase price. Cess is not applicable. – Reply By Ganeshan Kalyani – The Reply = Gst rate @12% or 18% applicable as per the specifications of the car. – Reply By Ganeshan Kalyani – The Reply = Refer notification no. 8/2018 CTR – Reply By DR.MARIAPPAN GOVINDARAJAN – The Reply = I endorse
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at the time of purchase….. so cess is applicable in this case. Respected Querist, in my view, as for as rate concernd,,,, refer the notification as suggest by experts. as for as the value is concerned,,,, you should charge on selling price of good (subject to conditions as specified in valuation rules). as for as cess is concerned,,, cess is applicable. for rate of cess kindly refer NOTIFICATION NO. 1/2017-COMPENSATION CESS (RATE) Rule 32(5) Where a taxable supply is provided by a person dealing in buying and selling of second hand goods i.e., used goods as such or after such minor processing which does not change the nature of the goods and where no input tax credit has been availed on the purchase of such goods, the value of supply shal
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