GST ON SUPPLY OF USED MOTOR VEHICLE BY TRANSPORTER

[MANAV KEDIA]

WHAT WILL BE GST RATE ON SUPPLY OF USED MOTOR VEHICLE BY TRANSPORTER AND ALSO RELEVANT NOTIFICATION ?

AI Summary

GST Confusion: Used Motor Vehicles Sales Value vs. Supplier's Margin in Notifications No. 37/2017-CGST and 09/2018-IGST A discussion in a forum addressed the Goods and Services Tax (GST) applicable to the supply of used motor vehicles by transporters. The conversation highlighted the issuance of IGST Notification No. 09/2018 effective from January 25, 2018, which provided tax relief by reducing the rate. However, there was confusion regarding which notification to follow, as Notification No. 37/2017-CGST pertains to sales value while the newer notification applies to the supplier's margin. Participants emphasized the need for registered persons to determine which notification is most beneficial for their situation.