GST on Old and Used Vehicles: Does Selling a Used Vehicle Attract GST for all individuals?

Mitali , Last updated: 27 December 2024 Share Follow on Google News

Is it true that the sale of an old or used car would attract more GST or if sold at a loss it will attract more GST on it? For this let us first know what is a Marginal Scheme As per Rule 32(5) of CGST Rules, 2017, Marginal Scheme means the value of supply shall be the difference between the selli

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About the Author

Mitali

Finance Professional

I write about Income Tax, GST, TDS, RBI updates, government schemes, and personal finance in India. My focus is on simplifying complex tax and compliance topics into easy-to-understand guides that help readers stay updated with the latest financial rules, investment options, and regulatory changes.

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