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gst rate on sale of used vehicle (tempo)

Satish Kavitake (389 Points)

01 September 2018

what is the GST rate on sale of old vehicle (tempo)

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Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 01 September 2018

As per Notification 8/2018 CT (r)

Vehicle of Vat Regime Sold in GST Regime :
GST is applicable on Profit Margin (Sale-Puchase )

Vehicle Purchased & Sold in GST Regime :

If ITC claim , then GST is on transaction Value
If ITC is not claim , then GST is on Profit Margin (Sale - Purchase)

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%