NEW DELHI:
That would mean the tax will be different for enterprises which use cars for their business operations from those that use them as stock in trade or as inventory -- for example, a used car dealership.
The GST Council last week recommended harmonising the tax rate on used cars at 18%, which meant the rate for used small cars, including electric vehicles, moved up from 12%. It applies only on the margin of the selling enterprise.
GST is not applicable if one individual sells it to another.
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