TMI BlogSale of used vehicle under GSTX X X X Extracts X X X X X X X X Extracts X X X X ..... Is there any notification to sale used vehicle at concessional rate of GST I.e. 65% of rate of GST applicable. - Reply By YAGAY AND SUN - The Reply = If the supplier is a registered person and such supplier had purchased the Motor Vehicle prior to July 1, 2017 and has not availed input tax credit of central excise duty, Value Added Tax or any other taxes paid on such vehicles, then such v ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ehicles when sold will attract GST of 65% of the applicable GST) rate, including compensation cess. These rates would apply for a period of three years with effect from 1 July 2017 ie apply up to 30th June 2020. Notifications: Notification No. 37/2017-Central Tax (Rate) dated October 13, 2017 Similar notification is issued under the UTGST Act vide Notification No. 37/2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 017 Union Territory tax (Rate) dated October 13, 2017 . Similar notification is issued under the IGST Act vide Notification No. 38/2017- Integrated Tax (Rate) dated October 13, 2017 . Similar notification is issued under GST (Compensation to the States) Act for Motor Vehicle falling under chapter heading 8702 8703 vide Notification No. 7/2017-Compensation Cess (Rate) dated Octo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ber 13, 2017 . - Sale of used vehicle under GST - Query Started By: - SURYAKANT MITHBAVKAR Dated:- 12-1-2018 Goods and Services Tax - GST - Got 1 Reply - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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