SALE OF USED MOTOR CAR

[SURYAKANT MITHBAVKAR]

As per GST Council 22nd Meeting held on the 6th October 2017, If the motor car was purchased prior to 01.07.17 then we have to pay 65% of gst + cess .

Any notification is issue.

AI Summary

GST on Used Cars Pre-July 2017: 65% Rate Clarified in GST Council's 22nd Meeting and Notification No. 37/2017-C.T. (Rate). A discussion on the Goods and Services Tax (GST) related to the sale of a used motor car highlights that if the vehicle was purchased before July 1, 2017, the applicable GST plus cess is 65%. This information follows the GST Council's 22nd Meeting on October 6, 2017. One participant references Notification No. 37/2017-C.T. (Rate) dated October 13, 2017, regarding CGST rates on motor vehicle leasing, suggesting it may provide additional clarity. Another participant advises reviewing the notification's subject for further understanding.