TaxTMI 
TaxTMI 
old car sales under GST
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....ld car sales under GST<br> Query (Issue) Started By: - venkat eswaran Dated:- 22-6-2017 Last Reply Date:- 23-6-2017 Goods and Services Tax - GST<br>Got 1 Reply<br>GST<br>Dear Experts, We are going to....
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.... sale our company car. Now GST for that is 28% + Cess 15% => Total 43% is coming When we bought the car we paid VAT 14.5% ( Excise duty already included and not shown dealer invoice) only but when we....
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.... sell it now 43% GST is coming which is very high. Whether we can adjust Excise credit already suffered earlier from that in the current rate 43% Kindly share your views Thanks in advance Venkat ....
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....Reply By Ganeshan Kalyani: The Reply: In my view, you cannot adjust the set off of earlier law. Under transition only input in raw material, semi finished goods and finished goods lieing as on 30.06.....
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....2017 is eligible to be carried forward to GST regime.<br> Discussion Forum - Knowledge Sharing ....