Home Forum Goods and Services Tax - GST Month 11 2023 2023 (11) This
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Sale of used Electric vehicle - Ntfn 8/2018 -Central Tax (Rate) - Goods and Services Tax - GSTExtract Dear Members, Currently, electrically operated vehicles are chargeable to tax at 5% (2.5/2.5). However, in the case of used vehicle, benefit can be taken of Notification 8/2018-CTR to pay tax on margin. If this is opted, then the tax rate is 12% (6/6) vide entry 4 of the said notification. Considering the value of the used car, 5% rate on the total consideration is beneficial than opting for margin scheme at 12%. Further, as the above notification is not absolute, my view is to pay tax on total consideration at 5% instead of 12% on margin value. Any other views/suggestions. Rgds, Ganesh.
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