Gst on Motor vehicle sold

tell me about your business, are you engaged in buying and selling of motor vehicle or what

Offcourse if you have not avail credit must not in business of vehicles sale & purchase

Hence

As per Notification 8/2018 CT (r)

Vehicle of Vat Regime Sold in GST Regime :
GST is applicable on Profit Margin (Sale-Puchase )

Vehicle Purchased & Sold in GST Regime :
If ITC claim , then GST is on transaction Value
If ITC is not claim , then GST is on Profit Margin (Sale - Purchase)

GST Rate 12 % & 18% is applicable as per CC engine of vehicle mentioned in Notification.


More then 1500 CC , leanth exceeding 4000 MM, GST is 18%

Else ,.. 12%