Applicability of GST rate with cess on Sale of Used cars
Dear sir,
We would like to know the clarification on Applicability of GST rate with cess on Sale of Used cars owned by Director of the company and accounted in the books of Company.
pl . advise the above, with relevant amended notifications.
Thanks with regards.
GST at 28% Plus Cess Applies to Sale of Used Cars Owned by Company Directors Under Company's Records A query was raised regarding the applicability of the Goods and Services Tax (GST) rate, including cess, on the sale of used cars owned by a company's director and recorded in the company's books. Two responses were provided. The first response stated that GST is applicable at a rate of 28% with cess, referencing a specific issue ID for further details. The second response confirmed that cess is indeed payable on such transactions. (AI Summary)
Goods and Services Tax - GST