GST on Sale of Used Car | Margin Scheme under GST | Sale of Old Vehicles

Описание: GST on Sale of Used Car | Margin Scheme under GST | Sale of Old Vehicles | GST Rate

Are you a dealer of second-hand cars or someone selling a used vehicle? Understanding the GST implications on the sale of used cars is crucial! 🚗

This video provides a detailed explanation of the Margin Scheme under GST, a game-changer for second-hand vehicle transactions.

What You’ll Learn:

✅ What is the Margin Scheme under GST?
GST is charged only on the profit margin to prevent double taxation.

✅ Eligibility to Avail the Margin Scheme:
Learn the key conditions, such as not availing Input Tax Credit (ITC) on purchases.

✅ Valuation Rules:
Detailed steps on calculating GST based on the margin amount (Selling Price – Purchase Price).

✅ GST Rates on Used Cars:
Latest GST rates for second-hand vehicles, including petrol, diesel, and SUVs.

✅ Special Cases and Practical Examples:
GST on repossessed vehicles and how the rules apply in real-world scenarios.

This video simplifies the complexities of GST on the sale of used cars, helping dealers and sellers stay compliant while optimizing tax liabilities.

Why Watch This Video?
💡 If you’re involved in buying and selling old vehicles, understanding these GST rules is a must. Whether you’re a car dealer or selling your own car, this video ensures you have all the information to avoid unnecessary tax burdens.

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Stay compliant and save more with the right GST knowledge! 🚘