A person dealing old and used motor vehicle (Margin Scheme) Rule 32(5) of CGST Rules

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....ceived - Depreciated value on the date of supply * Consideration < Depreciated value Ignore negative value (ii) In any other case * Value= Selling price - Purchase price * Selling price < Purchase price Ignore negative value Concessional Rate of tax * The government has issued Notification No. 8/2018 -Central Tax (Rate) dated 25th Jan 2018, where by concessional rate of GST has been spe....