Sale of used vehicle under GST

[SURYAKANT MITHBAVKAR]

Is there any notification to sale used vehicle at concessional rate of GST I.e. 65% of rate of GST applicable.

AI Summary

Concessional 65% GST Rate Applies to Used Vehicles Bought Before July 2017 Without Input Tax Credit Claim A query was raised regarding the concessional GST rate of 65% for the sale of used vehicles. The response clarified that if a registered supplier purchased the vehicle before July 1, 2017, and did not claim input tax credit on taxes paid, the sale would attract 65% of the applicable GST rate, including compensation cess. This rate is valid for three years from July 1, 2017, until June 30, 2020. Relevant notifications include Notification No. 37/2017-Central Tax (Rate), among others, issued on October 13, 2017, under various GST Acts.