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of <h1>India Sets 9% CGST Rate on Intra-State Sales of Used Vehicles from Jan 2018; Margin-Based Tax Calculation.</h1> The Government of India, through Notification No. 8/2018, has set a concessional Central Goods and Services Tax (CGST) rate of 9% on intra-state supplies of old and used vehicles, effective from January 25, 2018. This applies to various categories of vehicles, including petrol, LPG, CNG, and diesel vehicles with specific engine capacities and dimensions, as well as SUVs. The tax is calculated on the supplier's margin, which is the difference between the selling and purchase price or the depreciated value for registered persons. The notification excludes suppliers who have claimed input tax credit on these goods.
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