https://www.taxtmi.com/forum/issue?id=114437 Exchange value in excess of the book value of the old car is part of the taxable consideration for the new car and attracts GST at the applicable rate under the notification. Loyalty bonus and exchange bonus, when provided as reductions in the sale price of the new car (discounts), are not separately subject to GST as they reduce the taxable value of the supply rather than constituting additional consideration. en-us Fri, 28 Dec 2018 14:38:06 +0530 Thu, 23 Jan 2025 15:55:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114437 Exchange value in excess of the book value of the old car is part of the taxable consideration for the new car and attracts GST at the applicable rate under the notification. Loyalty bonus and exchange bonus, when provided as reductions in the sale price of the new car (discounts), are not separately subject to GST as they reduce the taxable value of the supply rather than constituting additional consideration. Discussion-Forum GST Fri, 28 Dec 2018 14:38:06 +0530 https://www.taxtmi.com/forum/issue?id=114437