Question ID :
Exchange of Car
A GST registered person exchanges his old car for new car.
The car Company credits him with 1)value of old car 2) Exchange Bonus and 3) Loyalty bonus. Item No. 1 is subject to GST as per notification No.8/2018 dated 25th January 2018.
Are loyalty Bonus and exchange bonus are also subject to GST.
Dec 28 2018 12:00AM