Gst rate for sale of second hand.

Will be the same being charged at the time of new purchased.

purchase was done 9 years back.

VAT Regime vehicle is being sold under the GST Regime

yes..what is the solution.

No GST liability. There is an exemption notification subject to fulfilment of certain conditions. 

ITS SUPPLY IN GST, ANY ASSET (OTHER THAN VEHICLE) PURCHASE IN VAT REGIME BUT SOLD IN GST PERIOD , GST IS APPLICABLE ON TRANSACTION VALUE

what is rate 18% or 28% ?

Originally posted by : Adolf dsz
	what is rate 18% or 28% ?

Did you availed ITC on the purchase of vehicle under question?

No.. didn't avail itc on purchase .

Originally posted by : Adolf dsz
	No.. didn't avail itc on purchase .

Please refer to Notification No. 08/2018-CT (Rate) dated 25.01.2019.  The transaction is specifically exempt from GST to the extent of the rate mentioned therein. For any further clarification please feel free to contact me at anshul.srac @ gmai.com

KINDLY REFER SCHEDULE II

thank you.........

@ Arshul
Notification 8/2018 CT (R) states about vehicle & Crane do not fall under the Defination of Vehicle.

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% Note: Government also Exempted the Cess applicable on sale of Used vehicle through Notification No. 1/2018 Compensation Cess Rateunder entry no.42A

Originally posted by : Pankaj Rawat
	@ Arshul Notification 8/2018 CT (R) states about vehicle & Crane do not fall under the Defination of Vehicle.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% Note: Government also Exempted the Cess applicable on sale of Used vehicle through Notification No. 1/2018 Compensation Cess Rateunder entry no.42A

Yes, Sir,

You are correct.