GST – Started By: – sunil kumar – Dated:- 28-2-2019 Last Replied Date:- 4-3-2019 – Dear Sir,Iam a registered dealer under GST.May I request your expert advice as under:If I purchase a repossessed vehicle @ 100000-00( which falls under 12% gst)PURCHASE PRICE :- 100000-00EXPENSES ;- 25000-00 (on insurance cover,MV tax,Parking charges to yard,4 tyre, (incld.GST)Sold the vehicle@ ;- 150000-00Net Dealer Margin :- 25000-00Would I have to pay the GST on Dlr Margin i.e on 25000-00 or on the difference of sale price & purchase price 150000 (-)100000 )= 50000Kindly have your kind advice on the above confusion.Regards,Sunil – Reply By KASTURI SETHI – The Reply = Margin Scheme in GST C.B.E. & C. Flyer No. 30, dated 1-1-2018 – Reply By KASTURI
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yard & transportation charges from yard, after adding nominal services charges. For example :- cost of insurance policy 8000-00 (GST payable) Parking Charges 10000-00 (GST payable) Cost of 04 tyres 7000-00 (GST payable) Tpt charges Pertol & driver 3000-00 (Vat payable on petrol) Gross 28000-00 service charges from customer 2000-00 Do I have to pay the GST on 28000-/ or 2000/- against service charges collectable from customer. May I request for your kind advice? Regards, Sunil – Reply By KASTURI SETHI – The Reply = Dear Querist, First you are requested to reply to the question raised on 2.3.2019 by Sh.Ganeshan Kalyani Ji. Pl. confirm whether you are dealing in Second Hand motor vehicle. – Reply By KASTURI SETHI – The Reply = You cann
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