Gst on used vehicles

What is the rate of gst on used vehicle purchased at pregst period and also the transaction value.. It is a vehicle below
1500 cc purchased on 2007.
Is gst rate 18% and transaction value cost less wdv.?
Replies (7)
Quick Summary
This discussion clarifies the Goods and Services Tax (GST) applicable to used vehicles purchased before the GST regime. It explores the GST rate, how the transaction value is determined, and the implications of claiming input tax credit (ITC) or depreciation. The advice points to specific notifications for guidance, particularly if ITC was not availed, and stresses the importance of the vehicle being used for business purposes.

Have you taken Input Tax credit under CENVAT credit , under CENVAT credit rules 2004 or ITC of VAT , when you purchase vehicle in 2007 ?.
Can u tell me both option .. I'm not sure about it
If you not availed input tax credit then refer Notification 8/2018 CT( rate) dated 25/1/2018 on CBIC web site , GST/ notifications.
If depreciation is claimed then ITC cannot be claimed and in case of assets 5% per quarter should be reduced
Is notification 8/2018 applicable for used vehicles purchased before gst implementation also.?
I Hope you and purchaser registered under GST , and vehicle was used for business purposes .
Yes it should be used for business purposes

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