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GST Rate for Second Vehicle

Nandisha (Accountant) (63 Points)

04 June 2018

Hi Sir,
Sale if Second vehicle ( Ambulance Omini) how much % GST collected

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6 Replies

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 04 June 2018

New vehicle's tax rate applicable to Old vehicle...

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Vinod Babu (24191 Points)
Replied 05 June 2018

Yes, while selling the vehicle Gst tax rate will be same as purchase tax.

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Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 05 June 2018

It's 28%

Vinod Babu (24191 Points)
Replied 05 June 2018

👍👍👍

Nandisha (Accountant) (63 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.