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GST ON USED COMMERCIAL VEHICLE

Anil Lodha (student) (69 Points)

25 March 2018

What is the GST rate on sale of used vehicle?

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5 Replies

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 25 March 2018

if vehicle was purchased in vat regime then such vehicles when sold will attract GST of 65% of the applicable GST rate, including compensation cess.
Plz read notification 37 cgst act dtd. 13/10/17

If it is purchase in in GST regime , & ITC was availed , then GST is to be charged on transaction value, if no ITC is avail then on margin (Profit) value ,Gst is applicable as per notifications 8

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 25 March 2018

Descriptttion	HSN Code	HSN	TAX	EFFECTIVE FROM
Tractors & Motor Vehicles (18)	Other Old and used vehicles	8703	12%	25/01/2018
	Old and used motor vehicles of engine capacity exceeding 1500 cc, popularly known as Sports Utility Vehicles (SUVs) including utility vehicles. Explanation. - For the purposes of this entry, SUV includes a motor vehicle of length exceeding 4000 mm and having ground clearance of 170 mm. and above.	8703	18%	25/01/2018
	Old and used, diesel driven motor vehicles of engine capacity of 1500 cc or more and of length of 4000 mm Explanation. - For the purposes of this entry, the specification of the motor vehicle shall be determined as per the Motor Vehicles Act, 1988 (59 of 1988) and the rules made there under.	8703	18%	25/01/2018
	Old and used, petrol Liquefied petroleum gases (LPG) or compressed natural gas (CNG) driven motor vehicles of engine capacity of 1200 cc or more and of length of 4000 mm or more. Explanation. - For the purposes of this entry, the specification of the motor vehicle shall be determined as per the Motor Vehicles Act, 1988 (59 of 1988) and the rules made there under.	8703	18%	25/01/2018