CA Inter doubt
If wdv value of car is 1500000 and sold for 1700000 and purchase price is 2000000 then what is the gst implications on profit portion of sale of used car (profit rs 200000)
Asked by Sharan22 Jul 2024310 views
1 answer
Nakul · 23 Jul 2024
Assuming that u r an authorised car dealer and that u have claimed ITC on the purchased car, you will now have to collect GST on 17,00,000 at the applicable rate from the buyer of such car.
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