Exchange of Car
Query (Issue) Started By: – Ethirajan Parthasarathy Dated:- 28-12-2018 Last Reply Date:- 1-1-2019 Goods and Services Tax – GST
Got 1 Reply
GST
A GST registered person exchanges his old car for new car.
\nThe car Company credits him with
\n1) value of old car
\n2) Exchange Bonus and
\n3) Loyalty bonus. Item No. 1 is subject to GST as per notification No.8\/2018 dated 25th January 2018.
\nAre loyalty Bonus and exchange bonus are also subject to GST.
\nReply By HIREGANGE& ASSO<\/p>\n
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