GST ACT 2017

    Posted By : NISHA / Published on : 23-Feb-2018 10:18 AM / View : 153 / Comment : 2
    Print button
    What if a person sells his pre-owned car for Rs. 25 lacs to a dealer of second-hand cars, will he be covered under the casual taxable person and does he needs to deposit the tax?
    Read more on :

    • As per the GST Act,

      Personal Effects (Assets held by a Person for Personal Use including wearing apparel, car, and furniture) will not be termed as Supply (and, hence not liable for GST) after Primary Sale (It means only Secondary and Further Sales by Consumer is Exempt whereas Primary Sales by Dealer is Taxable).

      14-05-2018 / 02:23:06 PM
      Reply
    • In the Present Case, 

      Sales by Consumer is not Taxable, but Dealer may be Liable to pay GST on Reverse Charge.

      14-05-2018 / 02:25:03 PM
      Reply



Other Queries from NISHA
Latest Queries
Like us on Facebook
Follow Us on Twitter
Latest ArticlesSubmit Article

We are always here to help you. Don’t hesitate to contact us anytime!

011-42345111 or ask@compliancecalendar.in