GST on Used Vehicles to Vary by Selling Enterprise's Nature of Biz
Hindustan Times Mumbai|December 26, 2024
The Goods and Services Tax (GST) on used vehicles will depend on the selling enterprise's nature of business, officials and experts clarified.
Gireesh Chandra Prasad

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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