Goods and Services Tax – Started By: – Ethirajan Parthasarathy – Dated:- 28-12-2018 Last Replied Date:- 1-1-2019 – 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 notification No.8/2018 dated 25th 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 old ca
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