Hsn for sale of old car
Web22 nov. 2024 · New Rules for HSN Code w.e.f. 1st April 2024. W.e.f. 1st April 2024, new provisions has been notified vide CGST N/N 78/2024 dated 15th October 2024. As per these provisions, every registered person shall mention HSN code for every tax invoice issued for every supply as per following table:-. *However, for registered persons having aggregate ... WebA's turnover is below 5 cr, he will need the 4 digit HSN Code for his product. After doing his research he determines that the HSN Code 2521 - Cement, including cement clinkers, whether or not coloured, is the most appropriate HSN Code for his product and accordingly mentions it in his invoices and GST returns. Scenario 2 If Mr.
Hsn for sale of old car
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WebThe HSN code for motors are provided below: DC Motors of an output not exceeding 37.5 W HSN code for micro DC motor is 8501 10 11. HSN code for stepper DC motor is 8501 10 12. HSN code for wiper DC motor is 8501 10 13. All other types of DC motor with an output not exceeding 37.5W is 8501 10 20. DC Motors of an output not exceeding 750 W
Web11 apr. 2024 · List of the Rates applicable in GST on sale of Old Used car/Motor Vehicles as per Notification No. 8/2024 – Central Tax (Rate). 1. Old and used, petrol Liquefied petroleum gases (LPG) or compressed natural gas (CNG) driven motor vehicles of engine capacity of 1200 cc or more and of length of 4000 mm or more. Web17 jan. 2024 · If you're buying a junk car and your end goal is to scrap it, depending on your state it may not be necessary to fill out the title or get it transferred into your name – in some cases only the seller’s signature is required. Check with your local scrapyard to be sure. While some operators may require you to have the title in your name ...
Web2 feb. 2024 · The tax rate on used old car transactions has been reduced to 18 percent for large cars and SUVs, and 12 percent for small vehicles, from 28 percent (for both … WebHS Code Goods/Service discription SGST CGST IGST CESS Conditions; 87: All old and used motor vehicles Explanation: Nothing contained in this entry shall apply if the …
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WebHSN Code 8708. Parts and accessories for tractors, motor vehicles for the transport of ten or more persons, motor cars and other motor vehicles principally designed for the … st george interfaith councilWeb12 apr. 2024 · Trump latest: Former president to return to NYC in AG suit; lawyers seek delay in rape case. DA Bragg suing House Judiciary Committee Chair Jim Jordan in criminal case st george information centre qldWeb16 rijen · 27 dec. 2024 · Scenario 1: Sale of old and used car on or before 12/10/2024: In terms of Rule 32(5) of CGST Rules 2024, GST is to be paid on the Margin i.e. Rs. … st george inn on the cliffWeb12 rijen · HSN Code Product Description; 8703: Motor cars and other motor vehicles … st george interest rates term depositWeb11 aug. 2024 · Sale of Old Car as scrap: Contents; If a firm sells its 15 years old Wagonr car (not in running condition) as scrap, what will be the applicable GST rate on such sale. ... In my view it should be classified under HSN 8703 attracting 28% plus 1% cess. 3 Dated: 8-11-2024 By:- subramanian vijayakumar: I ENDORSE GANESAN SIR VIEW. 4 Dated ... st george interest rates home loanWeb15 dec. 2024 · GST rate applicable on sale of used cars. The Government had reduced the GST rate on used cars in cases where the input tax credit has not been availed in … st george interest rates home loansWeb1.If his turnover exceeds Rs. 40 lakhs he needs to register. Since he is buying the cars he will register as a trader. 2. I dont think so because for second hand vehicle dealer government has announced that they need to pay tax on margin, however turnover would be the sale price and if one goes under composition scheme then he/she will have to pay … st george internet banking activate card