Subramanyam (Accountant) (221 Points)
28 December 2018
Aman Kumar
(Accounts Executive)
(744 Points)
Replied 28 December 2018
The expression 'supply' as per Sec 7(1) of CGST Act, 2017 includes sale, lease, disposal. Therefore sale/disposal of old or used vehicle by a registered dealer for a consideration, is in the course or furtherance of business and hence it will qualify to be a supply. So, GST is applicable.
Aman Kumar
(Accounts Executive)
(744 Points)
Replied 28 December 2018
Rate of GST on Supply of Old/Used Vehicles:
Notification No. 8/2018 -Central Tax (Rate) Dated 25-01-2018
| S,No | Chapter Heading | Descripttion of Goods |
GST Rates (CGST+SGST |
| 1 |
8703 |
Old & used petrol, LPG or CNG driven motor vehicle having engine capacity >=1200CC & length of >=4000mm |
18% |
| 2 |
8703 |
Old & used diesel driven motor vehicle having engine capacity >=1500CC & length of 4000mm |
18% |
| 3 |
8703 |
Old & used motor vehicle of engine capacity >1500CC (SUVs & UVs) |
18% |
| 4 | 87 |
Old & used motor vehicle other than covered in Sl No.1 to 3 |
12% |
Prakash Gehani
(Consultant & Teacher(Whatsapp 8718057907))
(1306 Points)
Replied 31 December 2018
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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