A registered person will have to pay GST on sale of old and used vehicle only if the seller has earned a margin, which is the ...

The GST Council clarified rules for old vehicle sales, setting an 18 per cent tax on seller margins, exempting private sales ...

Learn about GST on the sale of old and used vehicles, including electric vehicles (EVs). Understand the 18% GST rate, ...

GST Council recommends increasing GST rate on sale of old vehicles, clarifies applicability of tax on used cars.

The GST Council clarified that it has simplified the tax rate and recommended unifying and prescribing a single rate of GST ...

The decision has sparked debates as it comes at a time when India’s used car market is poised for growth. Many believe the ...

GST is applicable on the sale of old used cars only when the selling price exceeds the depreciated value, with a uniform rate ...

1. A used car dealership is buying a car from a consumer at Rs 5 lakh and then making some value additions of Rs 1 lakh and then selling the car at Rs 7 lakh. This dealership is claiming no ...

The recent decision by the GST Council of a uniform 18% rate was aimed at harmonising GST applicable on sale of all used vehicles, including EVs.

Market experts fear the move to increase GST on sale of used cars from 12 per cent to 18 per cent could push more sales into ...

The recent changes in GST regulations state that a registered person selling old or used vehicles must pay GST only on the margin, not the entire sale price. The GST Council decreed a uniform 18% tax ...

Finance Minister Nirmala Sitharaman has clarified that the increase in GST from 12 per cent to 18 per cent on the sale of ...