18 per cent GST on sale of old cars, including EVs, applicable only to registered businesses
- Posted on December 25, 2024
- By Business News Today
- 2 Views
18 per cent GST on sale of old cars, including EVs, applicable only to registered businesses
GST is not applicable when individuals sell old cars to each other. Only businesses involved in buying and selling old vehicles must pay GST on their margin at 18 percent. The GST Council has unified the tax rate for all used vehicles. Simplification measures are in place to streamline the process.
