Gst on sale of car
Query (Issue) Started By: – Chandni Tolani Dated:- 8-8-2017 Last Reply Date:- 9-8-2017 Goods and Services Tax – GST
Got 4 Replies
GST
Suppose Company sells a car to a dealer for ₹ 700000 and the dealer in turns adds profit ₹ 50000 and sells it to customer for ₹ 750000…. Here the company asks the dealer to entertain a discount of ₹ 60000 to customer so that the final price charged to customer is ₹ 690000 (i.e. 750000-60000).
Question arises at what amounts will the gst be charged by the company to dealer and by the dealer to customer…???Is company liable to issue credit note to dealer or dealer will have to pay gst to company on ₹ 700000…???
Reply By HimansuSekhar S
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