Gst rate on old vehicle sale

16 March 2021

Gst on sale of old vehicle which is purchased prior to 1_7_2017 credit not availed..is 11.70% ( 65%of @ 18% ).NOT LEASED

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5 Replies

prasad Nilugal (3909 Points)
Replied 16 March 2021

If you have not availed input tax credit , then please refer Notification 8 / 2018 dated 25/1/2018 .

ca manishadp (27 Points)
Replied 16 March 2021

Yes I referred and got confised..but what I understood I marked it

Pankaj Rawat (GST Practitioner) (55010 Points)
Replied 16 March 2021

As per Notification 8/2018 CT (r)

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

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%