An Intersting Scenario of GST...

[P S Nath]

Dear All,

An interesting question on GST who are planning to buy vehicles from different state and want to transfer and register the vehicle in his name in different state where he lives. Assuming a scenario stated under.....

A car which was purchased in 2010 by Person X (First Purchaser) in the State A and given road tax for 10 Years in the State A itself. A Person Y(Second Purchaser) resides in State B and wants to purchase the vehicle, transfer and re-register the vehicle in his own name in State B. So The vehicle age is 6 years and Person X already paid road taxes for 10 years in State A.

Now the question...

1. After rollout of GST how much amount of Tax need to be paid by Person Y while transfer and re-registering the vehicle in State B?
2. How GST would be applicable/helpful in this scenario against the current existing system?

AI Summary

Exploring GST Impact on Car Transfers Between States: Unclear Tax Obligations and Awaiting Government Clarification A forum discussion revolves around the implications of the Goods and Services Tax (GST) on vehicle transfer between states in India. The scenario involves a car purchased in State A, with road tax paid for ten years, being sold to a resident of State B. The query seeks to understand the GST's impact on tax obligations during the vehicle's transfer and re-registration. Respondents indicate that it is premature to provide a definitive answer as the GST rules were not finalized at the time of the discussion, suggesting that further clarification from the government is needed.