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GST on Second hand commercial vehicle

MAYUR MINAJGI (54 Points)

21 May 2023

What is the GST rate is second hand sale of Tipper used for construction activities.....??

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Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 25 May 2023

As per Notification 8/2018 CT rate :

Assuming Vehicle has been purchased in GST regime

If ITC is claimed then Rule 43 will be applicable & taxable value will be :
Need compute Remaining life of Vehicle & ITC need to be computed to Extend of Vehicle Remaining life .
or GST on transaction value . GST will be applicable whichever is higher.

2. If ITC not claim:
GST will be on Margin value (Profit)

Note : GST Rate 12 % & 18% is applicable as per CC engine of vehicle mentioned in Notification.
More then 1500 CC , leanth exceeding 4000 MM, GST is 18%
Else ,.. 12%

For More clarification can Refer : https://youtu.be/tdTP7trj-5g