Hi Sir,
Sale if Second vehicle ( Ambulance Omini) how much % GST collected
6 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 04 June 2018
New vehicle's tax rate applicable to Old vehicle...
Vinod Babu
(24191 Points)
Replied 05 June 2018
Yes, while selling the vehicle Gst tax rate will be same as purchase tax.
Nandisha
(Accountant)
(66 Points)
Replied 06 June 2018
GST on Sale of Old and used Vehicles
The tax rate on used old car transactions has been reduced to 18 percent for large cars and SUVs, and 12 percent for small vehicles, from 28 percent (for both categories) earlier. The new rates have come into effect from January 25, 2018.
Government has issued Notification No. 8/2018 Central Tax Rate read with State Tax Rate Notification & Notification No. 1/2018 Compensation Cess Ratereduced the Rate of GST & exempted the Cess on old and used vehicle.
The tax rate on used old car transactions has been reduced to 18 percent for large cars and SUVs, and 12 percent for small vehicles, from 28 percent (for both categories) earlier. The new rates have come into effect from January 25, 2018.
Government has issued Notification No. 8/2018 Central Tax Rate read with State Tax Rate Notification & Notification No. 1/2018 Compensation Cess Ratereduced the Rate of GST & exempted the Cess on old and used vehicle.
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