25 Feb 2018
Clarification on GST applicable, on sale of second hand vehicles
Read and Dowmload notification No. 8/2018-Central Tax Rate. in Form Section. at below LINK http://bit.ly/2ChCyKi
- If the sale value of the Second hand vehicle is less than the depreciated value as per the books NO GST WILL BE APPLICABLE.
- and If the sale value is higher than the depreciated value than only difference amount will attract GST as @9% CGST + @9% SGST= 18%