The GST Council has decided to increase the rate of Goods and Services Tax (GST) applicable on the sale of old cars from 12% ...
Before delving into the details of the GST on used cars, let's clarify a few key concepts: Applicability of GST on the Sale of Old Cars The applicability of GST (Goods and Services Tax) on the sale of ...
Citing sources, PTI reported that a registered user will need to pay GST on the sale of old and ... the GST rate on old and used EVs and small fossil fuel cars from 12 per cent to 18 per cent ...
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 selling price is higher than the depreciation adjusted cost price of the ...
A standard 18 per cent GST is applied to the sale of used vehicles, including electric vehicles (EVs) and SUVs. Who is affected by the 18% GST on used cars? The hike in GST on old cars from 12 per ...