Gst rate on second hand two wheeler sales

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193 Points Posted on 02 September 2021
Please guide how is be charging gst on second hand buying and selling on two wheelers. Please give me an one example.
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On 02 September 2021 at 22:24 Report
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This discussion clarifies the Goods and Services Tax (GST) implications for second-hand two-wheeler sales. It explains that GST is applicable on the margin, which is the difference between the selling price and the purchase price of the used vehicle. For detailed information and specific examples, it's recommended to refer to Notification 8/2018 (C.T.) Rate dated 25/01/2018, available on the CBIC website.

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6 Points Posted on 03 September 2021
Gst is levied on supply of goods and services and selling of second hand car does not comes under the definition of supply thus no gst can be collected.
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On 03 September 2021 at 03:21
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GST Practitioner & Accounts
15146 Points Posted on 03 September 2021
As per notification 8/2018 ( C T ) rate dt 25/1)2018 , GST applicable on Old and used vehicle selling , GST applicable on Margin ( Sales - Purchase ) value , So please refer notification for more details . Notification is available on CBIC web site / GST / Notification.
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On 03 September 2021 at 07:14

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