TMI BlogSALE OF USED MOTOR CARX X X X Extracts X X X X X X X X Extracts X X X X ..... SALE OF USED MOTOR CAR X X X X Extracts X X X X X X X X Extracts X X X X ..... r car which is fixed assets in our company purchased before 1st July,2017. Under Notification No. 08/2018 CT (Rate) mentioned rate of GST with conditions. Our vehicle is diesel driven motor vehicle ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of engine capacity of below 1500cc and of length of 4000mm. Whether the above condition is applicable to GST rate as well as GST compensation Cess. If yes we have to sell the vehicle without chargin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g of GST rate as well as GST Compensation Cess. Reply By PAWAN KUMAR: The Reply: Dear sir As per my view gst@12,% and compensation cess nil shall be charged. GST shall be charged on 65% of value on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the margin of old used car. X X X X Extracts X X X X X X X X Extracts X X X X
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