yogesh mahajan (56 Points)
24 January 2019
Vinaya Kumara K H
(Accounts Executive)
(259 Points)
Replied 24 January 2019
https://www.gstindia.com/applicability-of-gst-on-sale-of-used-old-motor-vehicle/
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4515 Points)
Replied 25 January 2019
Dear Yogesh it depends when you have sold.
Where sold on or after 25th January 2018, then refer notification 08/2018-CT(R) & 01/2018-CC(R):
Rate will be 18%/12% without cess - based upon cubic capacity and length of the car.
If sold earlier suggest you to refer to my article published in Taxmanagement India: https://www.taxmanagementindia.com/visitor/detail_article.asp?ArticleID=8338&kw=GST-on-Used-Cars
CAclubindia
