What is the GST rate on old /used car before the notification 8/2018
Reply—According to notification no. 37/2017 (central tax rate) dated 13.10.2017, Sale of motor vehicles purchased prior to 1st July 2017 and on which no ITC taken; Rate of GST shall be 65% of the total rate of Central tax, State tax and Cess as applicable on supply of similar goods involving transfer of title in goods.
This entry applicable only for three years i.e. up to 1st July, 2020.
Conditions: Such supplier is registered person and had purchased the Motor Vehicle prior to 1st July, 2017 and has not availed input tax credit of central excise duty, Value Added Tax or any other taxes paid on such vehicles.
Posted Date: Oct 20, 2020