GST on sale of Old or used Vehicles | 55th council meeting on old vehicles | Latest Update on GST | Gst rate in sale of old Car 18%
To increase the GST rate from 12% to 18 % on sale of all old and used vehicles,
including EVs other than those specified at 18% -Sale of old and used petrol vehicles of
engine capacity of 1200 cc or more & of length of 4000 mm or more; diesel vehicles of
engine capacity of 1500 cc or more & of length of 4000 mm and SUVs. [Note: GST is
applicable only on the Value that represents Margin of the Supplier, that is, the difference between the Purchase price and Selling price (depreciated value if depreciation is claimed)
and not on the value of the vehicle. Also, it is not applicable in case of unregistered persons.]
Disclaimer - This video is only for informational purposes
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