GST for used vehicle

01 December 2021

Can anyone share how gst applicable for dealer who's business is purchase and sale of used two wheeler vehicles.

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3 Replies

Rajendra Prasad (Employee Private) (1856 Points)
Replied 01 December 2021

If your aggregate turnover crossed Rs.40.00 Lac, you have to take GST registration and applicable rate will be 12% on the margin.

poorna chandra kj (23) (32 Points)
Replied 01 December 2021

Can you please elaborate what margin means ?

Rajendra Prasad (Employee Private) (1856 Points)
Replied 02 December 2021

The difference between the selling price and the purchase price.
Also you may refer Notification No.08/2018-Central Tax Rate, Dt.25th January, 2018.

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