The GSTR-9A form is applicable for taxpayers under the GST composition scheme, while the GSTR-9C form is applicable for ...

While the increase in GST aims to streamline tax rates across different types of vehicles ... said that GST is calculated on the difference between the actual price and the resale price.

If a GST registered person has claimed depreciation, the tax is payable only on the value representing the margin – the difference between selling amount and the depreciated value of such goods.

On the other hand, a used car dealership will have to pay 18% GST on its margins, which is the difference between the selling price and purchase price of the vehicle. However, where margins are in ...