Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

Gst rate on scrap sale of vehicle ( pokline, tipper , lorry )

Libissa (Accountant) (318 Points)

08 September 2018

We have sold old vehicle as scrap ( Mixer Machine, Tipper, Pokline, Lorry Etc ) For Rs.500000/- How much tax should we pay as GST Tax - the party is unregistered

Reply
Follow
Share

1 Replies

Rohit Tibrewal (Student & Senior Accountant) (3193 Points)
Replied 08 September 2018

Notification :8/2018:
1. GST-18% on 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.

2. GST-18% on Old and used, diesel driven motor vehicles of engine capacity of 1500 cc or more and of length of 4000 mm

3. GST-18% on Old and used motor vehicles of engine capacity exceeding 1500 cc, popularly known as Sports Utility Vehicles (SUVs) including utility vehicles.

4. GST-12% on All Old and used Vehicles other than those mentioned from S. No. 1 to S.No.3