GST Hike on Used Vehicles May Drive More Transactions to Informal Channels

Last updated: 26 December 2024

The GST Council's recent proposal to increase the Goods and Services Tax (GST) rate on used vehicles from 12% to 18% has sparked concerns about its potential impact on India's formal used car market. The revised rate, applicable to vehicles sold through registered dealers and online marketplaces, is

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Category GST   Report

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