An Intersting Scenario of GST...

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..... An Intersting Scenario of GST...
Query (Issue) Started By: - P S Nath Dated:- 21-1-2016 Last Reply Date:- 11-9-2016 Goods and Services Tax - GST
Got 3 Replies
GST
Dear All, An interesting question on GST who are planning to buy vehicles from different state and want to transfer and register the vehicle in his name in different state where he lives. Assuming a scenario stated under... .....

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..... .. A car which was purchased in 2010 by Person X (First Purchaser) in the State A and given road tax for 10 Years in the State A itself. A Person Y(Second Purchaser) resides in State B and wants to purchase the vehicle, transfer and re-register the vehicle in his own name in State B. So The vehicle age is 6 years and Person X already paid road taxes for 10 years in State A. Now the question... .....

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..... 1. After rollout of GST how much amount of Tax need to be paid by Person Y while transfer and re-registering the vehicle in State B? 2. How GST would be applicable/helpful in this scenario against the current existing system? Reply By Ganeshan Kalyani: The Reply: Interesting and hot topic as of today where Parliament is also fired with. I think it is too early to reply to the query because the ru .....

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..... le is yet finalised. Thanks. Keep in touch we will discuss when things materialise. Thanks. Reply By YAGAY AND SUN: The Reply: Let the GST Law/Act/Rules/Regulation/Notification/Circular/Clarification introdued from Government side. Then such queries will be answered. Reply By Ganeshan Kalyani: The Reply: Yes I am also of the same view. Thanks.
Discussion Forum - Knowledge Sharing .....

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